McLean Market Stats – January 2008
February 7th, 2008 Categories: Market Stats, McLean Dirt
Where are things headed in the McLean housing market? Well, January trended along with the region a little sluggish — I find contract writing along with solds to be a little off – but then again, it IS January and unless you’re really in need, the spring season doesn’t kick in until the February/March time frame.
Here is how the numbers look for January Actives, Contracts and Solds look for different market segments within McLean:
We also like to look at absorption rates, i.e., how long will it take to sell through the current inventory at the current rate of sale. Now, since January was a bit sluggish, it will adversely impact absorption rates, but here they are:
Certainly this doesn’t bode well for the 22102 inventory of single family homes – this indicates 2+ years of inventory on hand.
If you’d like to talk over the numbers OR have a specific neighborhood investigated, please give me a call. I’m always happy to talk real estate with you!
Happy Thursday!
Jennifer Klaussen
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