Here is the breakdown as of September 29th, 2009

The number of properties on the market continues to drop as the number of homes under contract rises.  Most notably; Single Family Homes in both DC and Prince George's County; where the number under contract are at 4 year highs.

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: 1698 (Down 27 from last week)      Expired: 12       Under Contract: 722 (Up 32)

Condos:               Actives: 1242 (Down 30 from last week)      Expired: 8        Under Contract: 517 (Up 22)  

 

Arlington County

Single Family:      Actives: 440 (Down 10 from last week)         Expired: 3           Under Contract: 192 (Up 14)

Condos:               Actives: 489 (Same as  last week)                 Expired: 14         Under Contract: 196 (Up 3)

 

Prince Georges County

Single Family:      Actives: 4723 (Down 56 from last week)       Expired: 37         Under Contract: 2506 (Up 64)

Condos:               Actives: 798 (Down 3 from last week)           Expired: 14         Under Contract: 193 (Up 8)

 

Montgomery County

Single Family:     Actives: 2883 (Down 19 from last week)         Expired: 7        Under Contract: 2017 (Up 9)

Condos:              Actives: 1170 (Up 14 from last week)             Expired: 4        Under Contract: 518 (Down 14)

 

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