These inventory numbers were extrapolated from VirginiaMLS.com. The total "Northern Virginia Inventory" represents the combined housing inventory (that's listed on the MLS) of Alexandria City, Arlington County, Fairfax City, Fairfax County, Falls Church City, Loudoun County, Manassas City, Manassas Park City, and Prince William County.
Total inventory is at its lowest point since July-August, 2005.
(Here's the spreadsheet on a separate page).
Monday, July 20, 2009
Current Housing Inventory
Posted by Harriet at 9:18 PM
Subscribe to:
Post Comments (Atom)
11 comments:
Arl/Alex are each down less than 100 houses, is that really enough to impact supply/demand? I doubt it.
Fairfax is steadily shedding inventory, but I'm still seeing the same trickle of new listings from both short sales and real sellers, in my price bracket and my region of interest.
I think we're just seeing, when prices are high, everyone wants to sell, when prices start to reach what people actually want to pay, inventory moves. Doesn't tell us how close we are to the market clearing price.
The bottom has already gone and passed all over NOVA.
Whether we have another steep downturn, or just continue indefinitely at this price level is anybodies guess.
Its really not a "good" time to buy any more.
Shoot, I missed out!!!
;)
I thought the lifting of the foreclosure moratorium would unleash a tsunami of houses onto the market.
Could it be that Mr. Mortgage was just dispensing more doomaid?
glug, glug, glug...
Mr. Mortgage is based in CA. And there is evidence there that NODs are increasing.
Even so, that didnt stop people from citing him and pontificating on how it would affect us here.
Time was, it was a mortal sin to point out "its different here".
The Anonymous,
Is there a point where you will let bygones be bygones? By the time I joined the conversation in spring 2008, everyone citing Mr. Mortgage included the caveat that we don't know to what extent his prognostications will be applicable here due to the much smaller magnitude of our bubble in terms of price-to-income ratios and in terms of non-prime loan percentages. Or at least that seemed like the consensus.
What percentage of people actively posting now are carry-overs from this "back in the day" that you rail against?
Watch the unemployment numbers this fall.
Who wudda thunk? Dropping prices leads to increased sales.
As for foreclosures, I was perusing yahoo foreclosures, and there are a bunch of new ones in my zip. These are SFH bought for >$600k at peak.
"The Anonymous,
Is there a point where you will let bygones be bygones?"
Yes but were not there yet. Not even close. As you were not one of those "blood on the streets" types, why worry about it?
Just sit back and pop some popcorn and watch the show. As the doomers told us til just a few months ago "were only in the third inning of this game".
As an aside, why was it always the 3rd inning.
The Anonymous said...
Just sit back and pop some popcorn and watch the show. As the doomers told us til just a few months ago "were only in the third inning of this game".
As an aside, why was it always the 3rd inning.
Patience, flyswatter
Post a Comment