Here’s what MRIS reports today in their weekly market update for our region:
“In 2008, Labor Day fell on September 1; this year, it fell on September 7. That six-day gap is enough to make our year-over-year comparisons of weekly market activity look a little goofy this week.
For instance, for the week ending September 12, you’ll a steep drop-off in new listings and pending sales, but there’s no such dip last year.
So the 12.4 percent year-over-year drop in new listings and the relatively small 20.6 percent year-over-year increase in pending sales is only because Labor Day—a holiday that notoriously silences the local real estate market for several days—fell during that week last year and didn’t this year.
Independent of these numerical oddities, sales are still extremely robust as the days remaining on the first-time buyer tax credit continues to tick down. 72…71…70…”
Don’t miss your opportunity to benefit from today’s market - whether you are a first-time homebuyer or a move-up buyer - now is the time.
Contact The Belt Team. Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or buyer counseling session!