Via
James Downing - REALTOR®,GRI, ABR - DC Real Estate (Coldwell Banker Residential Brokerage):
Current Number of Homes Active and Under Contract in the Washington DC area:
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
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Darrin, do you think the inventory will spike a bit after this week? I know a lot of people who are holding listings for this weekend.