Current Number of Homes Active and Under Contract:Udateonst

Here is the breakdown as of October 15, 2007

The number of homes for sale have increased greatly in the past few weeks.  While some increase is generally expected prior to the slow down of the winter months; current home inventory levels in most areas are the highest they have been all year.

Here are the number of homes on the market including the number of homes that were taken "OFF" the market last week.  

example: Single Family Homes in DC; 108 less on market from last week, but 135 were taken off - in reality 27 new listings came on the market.

Washington DC

Single Family:     Actives: 1936 ( Up 46 from last week)  OFF: 22      Under Contract: 379

Condos:                Actives: 1525 ( Up 50 from last week)  OFF: 13       Under Contract: 476

 

Arlington County

Single Family:     Actives: 596 (Up 18 from last week)   OFF: 3          Under Contract: 115

Condos:                Actives: 570 ( Up 15 from last week)   OFF: 8         Under Contract: 115

 

Prince Georges County

Single Family:     Actives: 6652 (Up 121 from last week)  OFF: 94       Under Contract: 555

Condos:                Actives: 820  (Up 23 from last week)   OFF: 9            Under Contract: 112

 

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.

 
 
This post has been included in District of Columbia Information

5 Comments on DC Market Update 10/15/07

OCT
15
2007
693,034 Points 72 Featured Posts Localism Sponsor Outside Blog
OK, James, I have a challenge for you this week - it's called "Get Pat's listing at 1717 T St NW, Unit 22, Under Contract".   It'll make your numbers look better!
7:51am • #1
James thanks for the statistics it is a great additive to the CMA when presenting to a client for a listing.  It will calm their fears a lot. Especially if you can show numbers from last year in comparison to this years. The numbers are not that far off!
11:01am • #2
OCT
16
2007
130,211 Points Outside Blog
thanks for the stats - I am always curious about the DC market, since my son lives up there -
4:36pm • #3
OCT
18
2007

Thanks for the summary of info.

 

Regards,

 

Ron

1:29pm • #4
396,579 Points 5 Featured Posts Outside Blog
James, Your performance is not that much in "LOWER" Northern Virginai here in Prince William County..  However, I see signs that homeowners have come to realize 2005 no longer exists, Karen
6:04pm • #5

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James Downing - REALTORĀ®,GRI, ABR - DC Real Estate

Washington, DC

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Coldwell Banker Residential Brokerage

Address: 5028 Wisconsin Ave NW, Suite 100, Washington, DC, 20016

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