193554 Resource 160154 161269 161269 1199220063589 1199220063589 Controlled How Many Homes Sold in 2007? How Many Will Sell in 2008? Will Yours Be One of Them?

Northern Virginia Real Estate Predictions for 2008

<h2 style="MARGIN-TOP: 2px"><img title="Northern Virginia real estate 2008" height="173" alt="Northern Virginia real estate 2008" hspace="6" src="http://activerain.com/image_store/uploads/9/5/5/9/0/ar119921904109559.jpg" width="260" align="right" vspace="6" />Happy New Year!</h2>Before looking ahead, let's take a quick look back at real estate sales for 2007.  Whether you plan to sell your home in 2008 or are interesting in purchasing a home this year, it's important to understand some numbers.  Everyone likes to look at prices.  That's fine.  However, you also need to look at number of sales and the amount of inventory available.How many homes sold in Northern Virginia in 2007?ALEXANDRIA CITY                 2,207 Homes Sold in 2007 ARLINGTON COUNTY              2,973 Homes Sold in 2007 FAIRFAX COUNTY                 13,293 Homes Sold in 2007 FALLS CHURCH CITY                   141 Homes Sold in 2007 LOUDOUN COUNTY                  4,963 Homes Sold in 2007 PRINCE WILLIAM COUNTY    4,897 Homes Sold in 2007<img title="How many homes will sell in 2008?" height="246" alt="How many homes will sell in 2008?" hspace="8" src="http://activerain.com/image_store/uploads/5/9/8/5/1/ar119921908615895.jpg" width="171" align="left" vspace="8" /> How many will sell in 2008?  That's anyone's guess.  You may as well try to guess how many gumballs are in this antique gumball machine.  Anyway, there's no prize for right answers.  Everyone likes to make predictions and prognostications, yet even the so-called experts are always revising their numbers up, down, diagonally and sideways as the year progresses.As of the start of 2008, here are the inventories of resale homes listed for sale on the Multiple Listing Service:ALEXANDRIA CITY                    665 Homes Available ARLINGTON COUNTY                 674 Homes Available FAIRFAX COUNTY                  5,868 Homes Available FALLS CHURCH CITY                    48 Homes Available LOUDOUN COUNTY                 2,804 Homes Available PRINCE WILLIAM COUNTY  4,757 Homes Available What does all this mean?  In Arlington, the inventory of homes available is 22% of the number of sales that were completed in 2007.  Contrast this with Prince William County where inventory represents over 97% of the total number of sales last year.  This means that it will be increasingly difficult to sell your home in Prince William County than it is in Arlington, due to the high inventory numbers.  This assumes that home sales continue at the rates that they did in 2007.  What if sales continue to slow through 2008?  People who wish to sell their homes will have to lower their price to get the home sold.You can't control the market.  You can't control the prices or the number of sales.<img title="Northern Virginia Real Estate Market" height="221" alt="Northern Virginia Real Estate Market" hspace="8" src="http://activerain.com/image_store/uploads/4/5/0/8/9/ar11992193998054.png" width="221" align="right" vspace="8" />YOU CAN CONTROL HOW YOU PRICE AND MARKET YOUR HOME!2008 is NOT THE TIME to price your home high and "test the market."  If you need to sell your home, you must price it right from the beginning.2008 is NOT THE TIME to try to sell the home by yourself.  You need to expose your home to the broader market and utilize the expertise of a professional Realtor to market and sell your home.2008 is NOT THE TIME to leave your home a mess and expect buyers to overlook the condition.  To compete in the marketplace, your home needs to be in tip-top condition and may need professional staging.2008 IS THE TIME to get expert advise, a skilled negotiator, and a savvy internet Realtor who knows how to market and sell your home.Whether you are considering <a href="http://www.blockrealestategroup.com/" target="_blank">buying or selling a Northern Virginia home in 2008</a>, here are some important articles that you should read:<a href="http://activerain.com/blogsview/321304/You-Might-Actually-Afford" rel="bookmark">You Might Actually Afford a Home in 2008</a><a href="http://activerain.com/blogsview/308246/Selling-Your-Home-Know" rel="bookmark">Selling Your Home -- Know the Broker's Duties</a><a href="http://activerain.com/blogsview/291957/Single-Family-Homes-are" rel="bookmark">Single Family Homes are Available in ALL price ranges in Northern Virginia</a><a href="http://activerain.com/blogsview/291862/How-long-does-it" rel="bookmark">How long does it take to Sell a Home in Alexandria, Virginia?</a><a href="http://activerain.com/blogsview/272634/No-Day-Trading-in" rel="bookmark">No Day Trading in the Real Estate Market</a><a href="http://activerain.com/blogsview/225414/Mighty-Paragaph-7-of" rel="bookmark">Mighty Paragaph 7 of the Sales Contract</a><a href="http://activerain.com/blogsview/219775/Choosing-a-Good-Negotiator" rel="bookmark">Choosing a Good Negotiator for Your Real Estate Deal</a><a href="http://activerain.com/blogsview/214385/Waiting-for-the-Bottom" rel="bookmark">Waiting for the Bottom: Don't Bother</a><a href="http://activerain.com/blogsview/196901/Increasing-the-Value-of" rel="bookmark">Increasing the Value of Your Northern Virginia or D.C. Home</a><a href="http://activerain.com/blogsview/182059/Selling-a-Home-in" rel="bookmark">Selling a Home in Northern Virginia & D.C.: Step by Step Flowchart</a><a href="http://activerain.com/blogsview/174522/7-Things-You-Must" rel="bookmark">7 Things You Must Do to Sell Your Home in Northern Virginia</a><a href="http://activerain.com/blogsview/172850/-We-can-always" rel="bookmark">"We can always reduce the price later" -- Price Reductions are NOT A GOOD MARKETING PLAN for Northern Virginia Homes</a>  <a href="http://www.valuemyvirginiahome.com/" target="_blank">** CLICK HERE TO FIND OUT HOW MUCH YOUR HOME IS WORTH **</a> <a title="e-mail Brian " href="http://mailto:brian@brianblock.com" target="_blank">Brian Block</a>      <a title="Northern Virginia Real Estate" href="http://www.brianblock.com/" target="_blank">RE/MAX Allegiance</a>    703-626-0715      10 application/xml false 2007 home sales northern virginia 2008 real estate predictions brian block homes for sale in alexandria homes for sale in arlington homes for sale in fairfax county homes for sale in falls church homes for sale in loudoun county homes for sale in prince william county inventory of homes northern virginia northern virginia real estate re/max allegiance selling your home in northern virginia Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; IEMB3; IEMB3) 127.0.0.1 127.0.0.1 bblock 68.50.210.160 false true false false true 205801 false false true false false false true 160154 blog blogsite/BrianBlock/web