Reported by Ron Fowler, REALTOR, GRI, ASSOCIATE BROKER
Updated December 11, 2008.
Current Market Rating: 2
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Buyer's
Seller's
Current Price Trend: 2
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Falling
Rising
Inventory of active listings (single family + condos) decreased from 761 at the end of October to 741 at the end of November. Sales during November totaled 78 units versus 141 in October. The average sales price of the properties actually sold during November decreased from $444,550 to $406,356 or 8.59%. Average Days on Market for those properties that did sell increased from 73 to 78. Overall, the absorbtion rate or Total Active Listings divided by the number of sales in the previous month increased from 5.40 to 9.49 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.
