Regional update from MRIS:
- “Activity continues to slow in the MRIS region as we near the holidays. New listings, pending sales and active listings all continue to drop each week as consumers’ attention turns away from real estate and towards family and food.
- Despite the general slow down, buyers are still far more active this year than they were last year.
- For the week ending December 12 there were 2,754 pending sales, up 21.1 percent from a year ago.
- Over the last three months there have been almost 8,000 more sales than there were during the same period in 2008.”
For more detailed information, stay tuned to The Belt Team Blog or contact us at (703) 242-3975. It would be our pleasure to make your real estate dreams come true!
These strong sales are combining with flat new listings to continue to draw down inventory.
The 52,405 homes currently for sale is the lowest number since March of 2006 and is almost 37,000 units lower than the peak of inventory seen in September 2007.