The MRIS housing market is too tough to let a little thing like a snow storm hold it down. In fact, it rebounded strongly for the week ending February 20th.
There were 2,288 signed purchase agreements that week alone, which is an 800 unit jump from the prior week. New listings also bounced back, with 3,259 newly listed properties - a jump of 1200 units from the previous week!
A few other interesting trends. The MRIS Region is...
Up 3.9% from last year on the percent of original list price received at sale.
Even in our housing affordability index compared to last year, but up compared to 2003.
Down 36% on the month's supply of inventory.
Check out the full MRIS Weekly Market Activity Report.
Helena Talbot
Broker/Owner
Exit Realty Talbot and Company
Phone: 703-574-3800
Email: Helena@mris.com
www.loudouncountyonline.com
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