My Real Estate Blog

The real estate market in Oak Hill 20171 is showing signs of an August slow down  - a possible result of people heading for the beaches/vacations before school starts and the majority of incoming transferees having purchased a home in June or July trying to make sure they get their kids moved into a home before school starts. The inventory dropped to 45 - which is 5 less than last week - so still a very low inventory. There were 8 new listings - 3 of which were relisted - so, actually 5 new listings. To see those, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=32235160183. Four homes sold this week - which is 50% less than last week and one of them was a short sale - so, in reality,  3 homes sold out of 50 active listings. To see those,  http://matrix.mris.com/Matrix/Public/Email.aspx?ID=32235331882. I would think that we will remain at a slower pace through August and, hopefully, we will pickup in September. There is still quite a bit of buyer activity traffic going through the listed homes - which indicates there are still quite a few buyers looking for homes and have not found them yet.

Posted by Angela Mitchell on August 3rd, 2009 6:23 AMPost a Comment (0)

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