How is the Real Estate Market in Washington DC?

Current Number of Homes Active and Under Contract in the Washington DC area:

While the Inventory is up from a month ago; in DC; the Spring inventory is the lowest it has been in over 5 years.

Arlington County in Virginia, continues to be very strong.  Low inventory continues; as prices seem to slowly tick upwards.

My big concern was for Prince Georges county; where last year the number of homes on the market had dropped after hitting a record peak; they seemed to be headed up.  Now the number of homes for sale is again dropping; however still above last years (but down over 20% from 2009).

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: 1251         Expired: 5           Under Contract: 791

Condos:                  Actives: 1076         Expired: 3             Under Contract: 454

Arlington County

Single Family:      Actives: 319          Expired: 0              Under Contract: 219

Condos:                  Actives: 436          Expired: 0             Under Contract: 196

Prince Georges County

Single Family:      Actives: 4428          Expired: 25          Under Contract: 2417

Condos:                  Actives: 758            Expired: 3            Under Contract: 279

Montgomery County

Single Family:     Actives: 2863          Expired: 6         Under Contract: 1783

Condos:                 Actives: 870          Expired: 3            Under Contract: 503

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.