Home Sale Activity in Arlington Virginia – Strength in Numbers
April 2nd, 2009 Categories: Arlington Dirt, Market Stats
As I like to report, tracking ratified contracts helps keep a pulse on what the real estate market is doing here in Arlington County. For the past 2 weeks, we’ve seen an uptick by almost 25% in contract writing activity – and by this, I don’t mean just the ones written – heck, I’ve written a few lately that haven’t gone anywhere – I’m talking about fully ratified contracts – where both parties have agreed to all terms.
Both this past week (3/21–3/27) and the week before (3/14–3/20) there 
have been 51 contracts ratified. Last year at the same time we were in the high 40’s – so while it’s just a few – for those who feel the market is still slowing, I’m not too sure. It will be very interesting tracking these numbers as we hit April and May – the “spring season.” With interest rates down below 5% it makes me wonder why anyone on the fence is still sitting on the fence. Listen up people – now’s the time. IF you’re in the market and prepared for a purchase to begin with – don’t get me wrong, I’m not saying it’s right for everyone – but if you’ve been on the fence, get off – look around, smell the roses, check out your options. I’m waiting to hear from you!
Happy Thursday!
Jennifer
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