A Whole Lotta Stats – November 2008 in Arlington County Virginia
December 22nd, 2008 Categories: Arlington Dirt, Market Stats
I pulled these stats together last week and it only just dawned on me today that I never reported them. So here we go – hold on because there’s a lot to report today.
First, November of 2008 is almost exactly on track with November 2007 – the condo sales were a little slower, but all in all, with the financial meltdown that we’re going through – to see the numbers by comparison is very comforting. Here’s what we saw in Arlington for November 2008 home and condo sales:
to see how this compares with last year:
Pretty close, huh? Condos, as I said, are off – especially in what closed in November of this year – but all in all, I’d say we’re doing OK! Even our absorption rates look good:
Now, I’ve also been reporting to you on contracts written. It’s been interesting looking at this activity as it compares with weekly news – bailouts, interest rate changes, etc… For the week of 12/6–12/12 there were only 20 contracts ratified – I would say that’s about what I would expect as the year winds down, etc… but for LAST WEEK… as of now (and I usually wait until Tuesday or Wednesday) we’ve got 31 already recorded. I think that’s a direct result of the interest rate drop we’ve seen lately.
These are exciting times to be in the real estate market – whether you’re a seller, a buyer or an agent, like me, we continue to put one foot in front of the other and move along. It’s definitely not all gloom and doom out there in the real world. As always if you’d like to discuss it further, please don’t hesitate to give me a ring…
Happy Monday!
Jennifer
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