Arlington Virginia Condo Inventory Returns to Normal
Market News--Arlington VA Real Estate, Northern Virginia & DC
I noticed many listings had disappeared for which I had found new buyers in the past 2 months. Sure enough the latest data is out and the inventory of Arlington Virginia Condos is almost back to normal from a year ago. That means our inventory correction took a year. Pretty fast correction it seems. The doomsayers in the media who predicted another 20% decline this year in home values across the board are pathetic but make their $$$$ or earn their time in the spotlight through hype and fear-mongering. We went from about 320 condo listings to over 700 and are back where we started. Demand will be high this year since so many 2006 purchaser have yet to buy, but I don't know that condos will appreciate much. However now that they corrected in 2006 they are safer to buy now which is the good news. No doubt the same has happened with Alexandria Virginia Condos and Townhouses.
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