Sluggish Start to the 2008 year - or was it a Sluggish End to 2007?

February 7th, 2008 Categories: Arlington Dirt, Market Stats

Here we are again, looking at monthly sales figures for Arlington for January 2008. It was very interesting pulling this data together – it was a VERY slow month for sales – so I went back into the previous month’s records to make some sense out of it. Here’s what the snapshot looks like for January:

Arlington Jan 08

EIGHT homes sold in all of 22207? So I pulled together some interesting info:

Arl Condos April-Jan

Check this out… these are the raw numbers from April 2007 through January, 2008 – look at how contracts relate to solds… December was a LOW contract writing month and translated to a LOW January selling month. Same thing happened October to November. So, I feel better seeing the uptick in contract writing for January – it will be so interesting to see what 2008 has in store for us! Here is the same chart for Single Family Homes:

Arl SFH April-Jan

Now you know this sluggish sales activity will have a somewhat exaggerated impact on absorption rates, but here they are for Arlington:

Arl Absorption rates jan 08

I don’t buy it as a trend, looking at the contract writing stats, but there you have it. We are definitely seeing an up-tick in activity. There are MANY folks out there trolling open houses, trying to learn the market, how far their money will go, etc…

Please remember – here in Arlington, McLean, Alexandria we are NOT following national trends – we still have a healthy market in which to buy and sell real estate and if you’d like to talk further, I’m always here!

Happy Thursday!

Jennifer Klaussen

Serving all of your real estate needs in Arlington, McLean and the entire Northern Virginia Region!

Contact me today for a free home valuation or buyer counseling session! Spring is right around the corner!