My Falls Church Selling Statistics blog inspired me to run the same stats for Arlington County since the beginning of 2009. The stats below are for any listing in Arlington County (condo, townhome, or single family):
Since 1/1/09:
265 properties have sold
38 (14%) sold in 7 days or less101 (38%) sold in 30 days or less
287 properties are currently under contract and waiting to close
53 (19%) went under contract in 7 days or less
110 (38%) went under contract in 30 days or less
I am seeing activity pick up as many first-time buyers are looking to take advantage of the new $8,000 tax credit (FYI - if you haven't bought anything in 3 years, they look at you like a first-time buyer and are eligible for the credit). In this market, every buyer is looking for a good deal on their purchase....giving them a great price is a great way to solicit offers from buyers.
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