How’s 2010 Looking in Arlington Virginia?
March 9th, 2010 Categories: Arlington Dirt, Home Selling
As you know, I believe monitoring ratified contracts is as close as you can get to understanding the moment-by-moment market tempo. And as always, I’ve been closely watching to see how 2010 has been shaping up. Check out this chart:
And we all know what happened during weeks 6 & 7 (approximately) of 2010 – Snowmageddon! Snowpocalypse! and look – we were still averaging in the 40-50 contracts per week!! It’s great to see that 2010 has started off with a bang – what we need to remember is it’s not a be-all/end-all statement. last year obviously started out a little slower than 2008, but quickly picked up steam in the spring and never looked back. We ended last year with a 20% increase over 2008 – so I guess anything can happen but so far, I’m seeing market activity.
On another note – as I peruse the MRIS, (our local MLS) I am also seeing agents putting comments in that are indicating receipt of multiple offers. But, per my post last week or the week before, prices are still staying moderate due to the financing situation we’re in. We’ll see how that works itself out.
If you’d like to see more, or perhaps you’d like some research done on your neighborhood please feel free to give me a call. Remember, this is only for Arlington -
Happy Tuesday!
Jennifer
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