Arlington Home Sale Statistics

Arlington Home Sale Statistics - July 2008

August 11th, 2008 Categories: Arlington Dirt, Market Stats

The months seem to be going by faster and faster - I’m not sure whether that means I’m getting older (let’s not go there) or I’m just busy? Who knows. In any case – here we are again, looking at market statistics. They are what I’d expect for July - pretty flat carryover from June – however, there is one surprise…

First let’s look at the numbers:

July 08 stats

All of these numbers are fairly consistent with what we’ve been seeing – a little higher here, a little lower there, but what’s remarkable to me are the number of unit sales in the single family home market. This represents the largest unit sale month since last July! Look at the chart below:

SFH yr over yr july

How about that…. where we never saw a huge jump in “spring” – March, April May and June were all up but fairly flat… WOW then look at July! Now perhaps there were just some longer settlements on those contract numbers… after all, it’s hard to make sense of that many contracts being written but not the sales – and believe me, 40% of contracts do not fall apart – so perhaps we’re seeing a larger number of contracts with longer close dates?

So what’s the message? I get asked this all the time.

“Jennifer, how’s the market?”

“Jennifer, what are the market trends?”

“Jennifer, have we bottomed out?”

“Jennifer, what price should I offer?”

These are all difficult questions. My general feeling is and has been that the Arlington market is fairly well protected from the sharp declines that the other markets have felt… our absorption rates are still less than 4 months across the board (how much inventory we have on hand) and I’m looking forward to a healthy fall!

If you’d like to look at more specific numbers, whether it be for your town, your zip code, your neighborhood… whatever, feel free to give me a jingle.

Happy Monday!

Jennifer

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