Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of October 13th, 2009
Even though there were many homes which came off the market (expired listings); few came back on the market this week.
Still the general trend is lower and lower inventory; while the number of homes under contract; rose dramatically over the past few days.
The next few weeks are key; as many buyers take advantage of the 1st Time Home Buyer Tax Credit before the looming deadline of November 30th.
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: 1668 (Up 26 from last week) Expired: 14 Under Contract: 783 (Up 47)
Condos: Actives: 1258 (Up 21 from last week) Expired: 13 Under Contract: 530 (Up 41)
Arlington County
Single Family: Actives: 403 (Down 32 from last week) Expired: 0 Under Contract: 222 (Up 41)
Condos: Actives: 494 (Up 15 from last week) Expired: 2 Under Contract: 189 (Up 17)
Prince Georges County
Single Family: Actives: 4567 (Down 36 from last week) Expired: 40 Under Contract: 2551 (Up 78)
Condos: Actives: 767 (Down 13 from last week) Expired: 8 Under Contract: 203 (Up 15)
Montgomery County
Single Family: Actives: 2824 (Up 1 from last week) Expired: 17 Under Contract: 1996 (Up 71)
Condos: Actives: 1136 (Down 7 from last week) Expired: 11 Under Contract: 514 (Up 40)
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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James, As a DCite, transplanted to Utah I love seeing what's happening in the market there. I still have all my family there. Your stats don't look bad, looks like nearly 50% are under ccontract unless I'm reading that wrong and few expires. One can only hope our market continues to turn, we are seeing signs here! I always look at Vegas as a good indicator becasue their market has suffers so much!!!
PS, I love Indian food....Last weekend my daughter and I made a big feast of tandoori, raita, veg curry. sag Paneer, chutney's (home Made), Yummm..
Have a great day!!