Spring is Springing and Houses are SELLING in Arlington Virginia!
April 21st, 2009 Categories: Arlington Dirt, Market Stats
I just pulled the contract writing stats for last week – the housing market in Arlington is heating up – and WOW is all I can 
say. A few weeks ago I reported that for the preceding week there were 69 contracts ratified – that’s HUGE. In fact, I began keeping these statistics as of the beginning of 2008 – there hasn’t been a week with that many written/ratified since before January of 2008! Now, for 3 weeks in a row, we’ve been in the 60’s – 69, 65 and 62 respectively (and I will say that if I re-run it tomorrow or the next day, a few more stragglers could show up).
These numbers are amazing. In fact, for 2008 only 4 separate weeks reported contract writing in the 60’s – 2 weeks in April, 1 in May and 1 in June. So I’d say between the historically low interest rates, the home buyer tax credit and good inventory, we’re poised to keep this trend going!
If you’re considering buying and are still not sure if this is the right time or not – I would encourage you to seriously evaluate the cost of waiting – higher interest rates, less flexible sellers and less inventory could drive your monthly payment up by hundreds of dollars!
Feel free to call me anytime to discuss – meanwhile – HAPPY SPRING!
Jennifer
PS – the photo is one I took recently while on vacation in Phoenix at the Desert Botanical Gardens – there’s an amazing Dale Chihuly exhibit – it’s worth the time stopping in if you find yourself in Phoenix! His glasswork is extraordinary!
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