Arlington County Home sales statistics 2010 | Arlington Dirt Real Estate

2010 Starting out with a BANG in Arlington Virginia

February 4th, 2010 Categories: Arlington Dirt, Market Stats

So, if you’ve read my blog with any regularity you know that I believe that tracking contracts written gives you the most up-to-the-minute view of the state of the real estate market. When we look at “solds” often it’s contracts that were written at least 30 days ago and sometimes longer. It’s not an accurate picture of what’s happening NOW… so I look at contracts.

For the first 4 weeks of the year (and that’s how I track – activity from a Saturday to a Friday, week after week, year after year…) here’s what this year looks like compared with last year and the year before:

Now this is JUST for Arlington County Virginia and encompasses all property types – so condos, single family and townhomes. What’s remarkable is that at the beginning of the year, we only had something like 175 single family homes listed as active! Our inventory levels are down and contract writing is WAY up! This is a 49.2% increase over 2009 and 27.6% increase over 2008 with inventories at lower levels than either of those years! I’m sure the tax credit extension and expansion has something to do with the activity. But the long and short of it is, buyers are out there.

If you’re ready to dip your toes in the water, give me a call. We can (and need to) get started TODAY! (oh, and if you’re considering selling, please please please get your home on the market soon! I can help with that, too!)

Happy Thursday

Jennifer

This entry was posted on Thursday, February 4th, 2010 at 8:29 am and is filed under Arlington Dirt, Market Stats. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.