The market did as well this week as it did last week- little change in the numbers. There are 64 single family homes for sale in Herndon/Oak Hill - the same as last week. There were only 4 new properties that came up this week - which is much lower than it has been - which could be good news for the sellers. To see the new listings, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-118272780-771. We had 7 homes sell this week. It looks like the low interest rates are maintaining our market. Saw one new short sale come up but not new activity in the foreclosures or short sale market. To see the seven homes that sold, see http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-118272834-66. Overall, a good week in real estate in Northern Virginia. We are heading into the slowest month of the year - August - big month for vacations and very hot to get in and out of houses and cars. You can see a slight drop in the house prices from the high before the government incentive program was taken away May 1st.  It seems that the sellers are having to put in new kitchens and bathrooms to sell their homes if they were built in the 1980s and prior and paint their home with neutral colors if they want to see top dollar for their homes. Homes that have been too personalized are sitting on the market. Overall, the market seems healthy and maintaining itself.

HOT, HOT, HOT - the weather that is. The market continues to do pretty well through the hot summer months. We are getting close to August which is the slowest month of the year with vacations and parents getting their kids ready to go back to school. The inventory did not change from last week. We still have 64 homes on the market and we had 9 new ones this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-117558034-101. There were 6 homes sold this week - which is still an acceptable number - 5 of those with list prices over $600,000 - so a good week for the higher valued homes. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-117557547-489. Stay cool and we will see what this week brings.

$440,000.00 12832 Framingham Court Oak Hill, VA 20171 Beds: 4 Rooms: 0 Full Baths: 3 Sq. Ft.: 0 Garage: 2 Built: 1979   Large split foyer with a beautiful kitchen and an oversized garage. OPEN SUNDAY JLUY 11 1-4PM This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Angela Mitchell Angela Mitchell Sells Northern Virginia 7032647877 www.AngelaMitchellHomeSales.com     Visit this listing here

The market did well again this week. The inventory is up a little - the highest it has been for more than a year. There are 64 single family homes for sale in Oak Hill/Herndon. There were 10 new homes this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-116627817-983. 8 homes sold this week. They were on the market from just a few days to 90 days. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=37647567141. There has been a lot of bad press lately about the housing prices falling. We have seen a small decrease in price in the last two months but, again, it seems that they are talking about the rest of the country. We are not seeing the affect here in Fairfax County. Have a great week and hopefully it will rain soon.

The market did well this week buoyed by very low interest rates. There were 7 new listings that came on this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-116152149-135. There are 58 single family homes for sale in Oak Hill/Herndon - down form 62 last week - which is good news. The houses are selling at a pace to keep the inventory in check. There are still a lot of buyers out there looking for the perfect house. The good news is that 9 homes sold this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-116152193-142. That is 3 more than last week and great for a summer month. I hope you had a safe and Happy Fourth of July!

The market maintained itself this week on sales, but slipped a little more on inventory. There are now 62 single family homes for sale up from 56 last week and 50 the week before - a 10% net inventory increase - so you can see the inventory increasing as less homes are selling each week. More competition among sellers to price their home correctly and to have their home in "move in" condition and more home choices for buyers to choose from. As we see the market turn, it should go from the recent sellers market to a more balanced market, price and condition will drive this market - which is not a bad thing for those sellers who invest in upgrades for their home. To see the new homes that came on the market this week, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-115328658-323.  There were 6 homes that sold this week. Amazing enough, only one home sold under $600,000. To see those, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-115328676-214.  Now, what will the market do now that summer is here and the kids are out of school? Only hindsight will tell. Enjoy your first week of summer!

$459,900.00 12627 Etruscan Drive Oak Hill, VA 20171 Beds: 4 Rooms: 0 Full Baths: 2 Sq. Ft.: 0 Garage: 2 Built: 1978   The owners are ready to sell and have spruced up their home for the new owners. This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Angela Mitchell Angela Mitchell Sells Northern Virginia 7032647877 www.AngelaMitchellHomeSales.com     Visit this listing here

Happy Day after Father's Day! You can see the market changing ever so slowly. The inventory is creeping up each week as less houses are selling each week. This is pretty normal for the summer months - school is out and it is hot out there to look for homes. There were 10 new homes that came on the market in Oak Hill/Herndon this week and there are 56 homes for sale - up from 50 last week. As the market changes, it will become more and more important for the seller to price their home correctly and to have as little for the buyer to object to or else they will just buy someone's home where the work has been done - buyer's like hassle free purchases. In working with sellers, sellers need to understand in order to sell their home that if they do not want to do the work; the buyer certainly does not want to do the work or spend their money unless you have priced your house significantly under market price. To see the new homes, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-114608764-246. There were 6 homes sold - which is a great number for the start of summer - we need to stay between 5 and 8 to be able to handle the new inventory each week. To see the 6 sold homes, check out http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-114608880-655. Have a great week and enjoy!

The market did well this week but you can see the net inventory is increasing. There are now 50 single family homes on the market in Oak Hill/Herndon. We are now at the inventories of a year ago - still a healthy number. We had 9 homes sell this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-113894281-896. We had 13 new listings and you can see more and more signs coming up as you drive down the streets. I have 4 new listings coming up - you can see most of them in the Coming Soon section of my web site so if you know anybody looking - please send them to my coming soon homes. To see the new listings, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-113894322-650

An interesting week. It is hard to tell what the market is doing. We had a good week for sales. We had 8 homes sell this week, which is a good number. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-113235309-534. I think the very low interest rates are helping out so maybe we will weather the loss of the federal subsidy. The inventory has gone up to 47 single family homes up from 41. While this is a pretty big percentage increase - it still considered a low inventory for Oak Hill/Herndon. We had a lot of new listings come on the market this week. We had 13 new homes - a 32% increase in one week - when compared to the 41 we started out with. Enjoy your week!