Reported by Ron Fowler, REALTOR, GRI, ASSOCIATE BROKER
Updated October 10, 2008.
Current Market Rating: 3
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Buyer's
Seller's
Current Price Trend: 3
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Falling
Rising
Inventory of active listings (single family + condos) increased from 818 at the end of August to 830 at the end of September. Sales during September totaled 160 units versus 171 in August. The average sales price of the properties actually sold during September decreased from $465,915 to $452,642 or 2.85%. Average Days on Market for those properties that did sell increased from 86 to 87. Overall, the absorbtion rate or Total Active Listings divided by the number of sales in the previous month increased from 4.78 to 5.19 months.
ZIP Codes: 22301, 22302, 22303, 22304 Location Characteristics: Historic Old Town by the Potomac. Lots to do and to see
About Ron Fowler:
Selecting a Realtor is a very important decision! A home is usually the single largest purchase in your lifetime. In today's complicated market it is important to have an experienced professional to help you with your real estate needs. When choosing a realtor you should consider their reputation, marketing approach, market knowledge, and their commitment to putting the needs of their clients first. I am a graduate of the United States Merchant Marine Academy at Kings Point and hold a Masters Degree in Business Administration from New York University. I am also actively involved with the community as a volunteer coach and Scout Leader, and as the father of 11 children, I understand the needs of individuals & families transferring into and out of the Washington metropolitan area.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
