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NVAR: 4 Months Supply of Inventory
Tuesday, October 20, 2009No September blues. That's the headline on NVAR (Northern Virginia Association of Realtors) website for the recent September market stats. Not only Northern Virginia has 4months of inventory, but also pending sales (the lingo for homes under contracts) up 13%. For one thing, my observation from the field, is there's not enough properties on the market to support buyer's home spree.
Here's a snapsh...
Original article from http://feedproxy.google.com/~r/UrbanTrekkerBlog/~3/PwLrx48l5nQ/nvar-4-months-supply-of-inventory.html
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