Haverford Homes of Prince George's County

By
Real Estate Agent with Haverford Homes

INVENTORY UPDATE...SHRINKAGE IS A GOOD THING!

Months Inventory as of 07.31.09

       

Results released on 08.10.09 by MRIS

       

County

Available

Sold

Months Inventory

     

Prince George's

6359

720

8.83

     

Charles

1290

103

12.52

     

Montgomery

4855

1120

4.33

     

Frederick

1701

261

6.52

     

Anne Arundel

4236

491

8.63

     

DC

3368

648

5.20

     

Loudoun

2238

477

4.69

     

Prince William

3093

787

3.93

     

No. VA

7439

2053

3.62

     
             

Above 6 months is a buyer's market

       

Below 6 months is a seller's market

       

Please note that Prince George's was 24 months in February 2009

 

Data available at:

http://www.mris.com/reports/stats/monthly_reti.cfm


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WASHINGTON - The government says new U.S. home sales rose by the largest amount in nearly nine years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades. The Commerce Department says sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000. It was the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000. Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier.

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