Arlington Virginia Home Sales Remain Steady – September 2008
October 6th, 2008 Categories: Arlington Dirt, Market Stats
I know you’ve been waiting for this post to see if you can get a handle on whether or not all this market madness is taking its toll. Well, c’mon, how could it not. Consumer confidence is pretty much in the dumps… loan programs are being cut left and right… investment accounts are sinking further every day – but hey, this makes real estate the perfect investment right now!
For Arlington, September numbers are pretty much in line with last September – so as far as trends, I’d say we’re right where I’d expect to be. Here are the sales figures for September 2008:
These average selling prices are somewhat off – but it’s difficult to take a month-at-a-glance snapshot because the entire thing could be swayed by a large sale, or a small sale, etc…
As for absorption rates, they look like this:
In most areas, they say that it gets dicey when absorption rates go double digits – we haven’t seen that here in years – so I say, let’s all stay calm!
So Where Do We Go From Here…
Per my last blog post, we can see that contract writing has remained steady… so that’s a good. The next few days and weeks will be interesting – we have an election and change in office coming up – that will bring many people to our fair city as well as send some packing (if you’re reading this and you’re one moving in or out, PLEASE call me!). I will be keeping a close eye on the real estate market and activity here. If you have a concern about a particular area, call or email me. I’m always happy to run personalized statistics!
I’m here when you need me – call anytime.
Happy Monday
Jennifer
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