Contact the JustNewListings.com Team for Northern Virginia/Washington DC real estate
If you have any questions or need more detailed information, please feel free to contact us at 785-294-6873 (785-BY-HOUSE) or fill out the form to let us know how we can help with your real estate needs. Being a very busy person---I must tell you email is best so I don't miss the message can paste it on my calendar.
1100 N Glebe Rd #1010,
Arlington, VA 22201
Phone: 785-BY-HOUSE
Fax: (703) 224-8121
Friday, April 27th, 2007 at 8:37am.4101 Views, 9 Comments.
It's common knowledge that the market shifted in the last 18 months. But it's only now that the statistics are verifying some of the price corrections....Many of us on the front lines knew prices in reality were different a long time ago, however this was not being illustrated by the monthly stats as far as the price variable was concerned. Why not? Well the stats on price only reflect sold homes. Thus all the homes that
did not sell,
rented
expired
or were withdrawn due to not being able to get a price the owner wanted
did not get factored into selling price statistics the previous year. Thus the public kept hearing about a buyers' market but the market reports showed no drop in sold prices. Lesson--the stats…
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