Here is the breakdown as of September 8th, 2009

The number of properties on the market continues to drop. Sales and inventory tend to be at one of it's lowest points in the month of August.  We should see things pick up again over the next few weeks..

Here are the number of homes on the market including the number of homes that were taken Off (EXPIRED) the market last week. 


 

Washington DC

Single Family:      Actives: 1596 (Down 43 from last week)      Expired: 65       Under Contract: 646 (Up 16)

Condos:              Actives: 1188 (Down 17 from last week)      Expired: 45       Under Contract: 470 (Down 5)  

 

Arlington County

Single Family:      Actives: 416 (Down 15 from last week)         Expired: 13         Under Contract: 169 (Up 1)

Condos:              Actives: 483 (Down 1 from last week)          Expired: 15         Under Contract: 193 (Up 23)

 

Prince Georges County

Single Family:      Actives: 4857 (Down 163 from last week)    Expired: 179        Under Contract: 2278 (Up 178)

Condos:              Actives: 819 (Up 34 from last week)           Expired: 29         Under Contract: 156 (Up 6)

 

Montgomery County

Single Family:     Actives: 2870 (Down 7 from last week)         Expired: 57        Under Contract: 1917 (Up 10)

Condos:             Actives: 1145 (Down 9 from last week)         Expired: 27        Under Contract: 518 (Down 1)

 

It is important to see the number of homes taken "Off" the market.  While many of these homes will return to the marketplace a week or two; seeing a listing "expire" means that the seller and agent thought or expected the home to be sold by now.

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100 * Washington DC 20016