Washington, DC : Market Update 4/14/2008

Current Number of Homes Active and Under Contract in the Washington DC area:

Here is the breakdown as of April 14th, 2008

In most of the areas in the DC area; the number of homes on the market is at the highest point of the year so far.  This should continue through the end of June.

example: Single Family Homes in DC; 74 more on market from last week, but 28 "expired" - in reality 102 new listings came on the market.

Washington DC

Single Family:     Actives: 1923 (Up 74 from last week)           Expired: 28         Under Contract: 464

Condos:             Actives: 1528 (Down 18 from last week)        Expired: 22         Under Contract: 399

Arlington County

Single Family:     Actives: 523 (Up 6 from last week)               Expired: 4          Under Contract: 148

Condos:             Actives: 548 (Up 19 from last week)             Expired: 1          Under Contract: 168

Prince Georges County

Single Family:     Actives: 6891 (Up 130 from last week)          Expired: 106      Under Contract: 686

Condos:             Actives:  841  (Up 4 from last week)             Expired: 15        Under Contract: 104

Montgomery County

Single Family:     Actives: 4981 (Up 113 from last week)          Expired: 38       Under Contract: 1126

Condos:             Actives:  1423  (Down 25 from last week)      Expired: 12        Under Contract: 337

It is important to see the number of homes taken "Off" the market.  While many of these homes will return to the marketplace a week or two; seeing a listing "expire" means that the seller and agent thought or expected the home to be sold by now.