McLean Sales Figures for February 2008
March 14th, 2008 Categories: Market Stats, McLean Dirt
February was not a stellar month for home sales in McLean neighborhoods. While there are still quite a few buyers out there, we are hearing that many of them remain on the fence – trying to game the market as to whether we’ve seen the bottom or not. It’s really anyone’s guess. We’re hoping to see activity pick up a bit as it has in it’s neighboring community of Arlington!
So here’s how February stacked up:
In the single family market, there were more contracts written in February than in January by a 40% margin and hopefully that will translate to sales in the coming months. Open House traffic is good – but few buyers are willing to take the plunge at this time.
As far as absorption rates, they are as follows:
It sure would be nice to see some activity picking up in 22102!
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Happy Friday
Jennifer
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