Washington, DC : Market Update 4/28/2008

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

Here is the breakdown as of April 28th, 2008

The inventories are most notable increased in Prince George County; where a record number of homes are currently For Sale. Single Family Homes in the District are also at multi-year highs.

With about 8 weeks to go until we hit the typical yearly "peak"; there are a great many choices available for Home Buyers in the DC area.

example: Single Family Homes in DC; 29 more on market from last week, but 18 "expired" - in reality 47 new listings came on the market.

Washington DC

Single Family: Actives: 1985 (Up 29 from last week) Expired: 18 Under Contract: 500

Condos: Actives: 1570 (Same as last week) Expired: 7 Under Contract: 440

Arlington County

Single Family: Actives: 543 (Up 9 from last week) Expired: 1 Under Contract: 153

Condos: Actives: 549 (Down 6 from last week) Expired: 2 Under Contract: 173

Prince Georges County

Single Family: Actives: 7004 (Up 18 from last week) Expired: 64 Under Contract: 755

Condos: Actives: 881 (Up 8 from last week) Expired: 12 Under Contract: 113

Montgomery County

Single Family: Actives: 5170 (Up 106 from last week) Expired: 27 Under Contract: 1204

Condos: Actives: 1475 (Up 18 from last week) Expired: 15 Under Contract: 350

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.