Shutdown Brings Different Results to Different Markets
This week’s numbers tell an interesting story. The impact of the government shutdown is being felt differently across Northern Virginia and the results depend on where you live.
In Arlington, inventory jumped 88%, while sales dropped 33%, leaving a 115% gap between new listings and new contracts. Typically, Arlington’s difference is around 19%, right in line with the rest of the area. This early data suggests that markets closer to D.C. may be feeling the effects of the shutdown more quickly.
Further west, Loudoun County showed a different reaction. New inventory grew 41%, and new contracts climbed 49%, signaling that western markets may be more insulated from immediate shutdown effects.
While one week doesn’t set a trend, these shifts offer a clear pulse on how buyers and sellers are responding to current events.
📊 Watch Casey below speak on this and Stay tuned to our Market Snapshot page: Our 30-day update and year-to-date results will be released later today with a deeper look at how each market is performing.
Thinking about buying or selling in this shifting market?
Our team tracks market data weekly to help our clients stay ahead of changing trends. Contact Casey for a free consultation tailored to your home and your goals.
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