Ratified Contracts Are The Pulse of Our Market

We are following and tracking for everyone what exactly is going on in our NOVA real estate market. The numbers can't lie.

The best way to track how our NOVA market is doing, is to track Ratified Contracts. Not new listings or sold properties, but properties that are under contract. This lets us know where the buyers are buying and how each city is doing. We will track these at the first of each month and update them here on our website.

January 1, 2010 - Ratified Contracts

Its the holidays and the winter time and inventory is low.  This is reflected in the ratified contracts for December. The spring market is just around the corner and these numbers are sure to spike up.

320 - Alexandria -166 (since last month)

238  - Arlington - 64

228  - Alexandria City -62

210 - Fairfax -30

170 - Centreville -51

146 -Springfield -61

158 - Falls church -59

128 - Reston -30

92 - Herndon -54

76 - Vienna -45
80 - Mclean -13

68 -Burke -27

40 - Chantilly -17

22 - Oakton -17

38 - Fairfax City -12

17 Falls Church City -6



2,031 Ratified Contracts vs  1,445 from 12/1/10-12/31/10

2,745 Ratified Contracts vs 1,284 from 10/1/10-10/31/10

2,642 Ratified Contracts vs 1,310 Sold from 9/1/10-9/30/10

2,745 Ratified Contracts vs 1,083 Sold from 10/1/10-10/31/10