Real Estate market activity in SW Washington dropped significantly last month in every category. Compared with 2009, closed sales dropped 40.2% and pending sales were down 32.3%, while new listings only decreased by 11.1%.
Compared with September 2010, closed sales declined 10.9% and pending sales fell 2.3%. New listings increased by 2.6%, which caused inventory to rise to 11.1 months of supply. Inventory had decreased each of the previous two months, after jumping to 12 months following the initial closing deadline for the Home Buyers Tax Credit.
Compared with September 2010, closed sales declined 10.9% and pending sales fell 2.3%. New listings increased by 2.6%, which caused inventory to rise to 11.1 months of supply. Inventory had decreased each of the previous two months, after jumping to 12 months following the initial closing deadline for the Home Buyers Tax Credit.
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