Number of New Listings, New Contracts, and Active Listings
There were 3,035 new listings that came on the market in June 2008, an 18.4% decrease from the 3,720 in June 2007.
While Northern Virginia inventory peaked in June 2006, Washington, DC and Montgomery County, MD inventory is peaking now.
As long as there is a substantial gap between active listings (the green line on the chart at left) and contract activity (the red line), buyers will have more leverage than sellers.
