Contracts Ratified in Arlington takes HUGE dip as we head towards Election Day
October 29th, 2008 Categories: Arlington Dirt, Market Stats
Well, here’s your reporting for the time period between October 18 and October 24. I was surprised to see that only 19 contracts were ratified during this period of time. Anecdotally as we discuss the market activity amongst ourselves (as agents) we are seeing decent traffic, but I think right now, all eyes are on the economy and the upcoming election. We’ll see how things go for the next week or two but I think when we can all get back to business, after all votes are cast and counted, my own feeling is that we will see balance restored to the day to day activity of folks buying and selling real estate.
On a monthly basis, I will update my chart so we can see the moving average and how (and/or IF) it’s affected by the week to week changes in the activity.
For now, I know I have buyers who are writing contracts, so I’m doing my part – as I keep saying, the sky is still up there, folks!
Happy Wednesday!
Jennifer
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