Condominium market in February, 2007 in Arlington Virginia was a lot more active than last year. According to MRIS - total number of condos/coops sold in Arlington in 2/06 was 84 - this year the number is 121 - we are experiencing higher demand for sure - almost 70% increase!
Just last fall Clarendon 1021 had a few 1-bedroom condos listed under $400,000 - there were no sales under $400,000 in Clarendon 1021 last February. I think "buyer's" market might not be so "buyer's" any more. Well priced listings are flying out of the market in less than a week.
I am looking forward to see the statistics for March - it will be here April 8th.