Well the market is not grinding to a halt, as I said earlier, there are a lot of buyers that are having a hard time finding a suitable home for themselves. There were 42 active single family homes in 20171 for sale this week - down from last week by 3. An interesting fact is that when our market was very hot in April of 2005, we had 30 homes on the market at any one time - which in my real estate career that started in 1992 - that was an all time low - so we will see what continues to happen. I would assume that more listings will come up in September once the children are back at school and parents are able to look at homes and it will not be so hot getting in and out of cars. There were 7 new listings - two of which were relists - so 5 new listings this week. To see those, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=32340959665. There were 6 solds which was almost twice as many as last week. One was a short sale. They had been on the market from 2 days to 221 days. When we sell 8 a week our market is doing well so it looks like August is still going to do okay. To see those, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=32340982080. To show you some of what the market has to offer, I had a home on the market 41 days. It was priced at $559,900. We were not getting much traffic and we had 2 issues that we were dealing with that the seller and I had no control of - one was backing to a future road and the other was an inground pool. Since buyers get so much information up front before they see a home and the buyer is able to Google map the home, I could tell that buyers were not seeing it because of the possible road behind it. The seller and I just needed to find the price where we were the best on the market at that price so buyers would not use the road against us. We had lowered it before but there was not an increase in activity. We lowered it $9,900 to $550,000 which put us in the $525,000 to $550,000 search criteria - a major difference in price searches -  and the traffic increased that weekend and we received 2 contracts. Another interesting point to support my thoughts is that I have sold homes over the years backing to the road. 95% of the time, neither the buyer nor the buying agent was aware of the possible road. The only way they would find out that information was to look on a Fairfax County paper map. Since it is a buyer beware state, the seller does not need to disclose the information. In this transaction, both buyers were aware of the road because they had done their own research before seeing and/or making the offer and were aware of the possible road.  To sum it up, buyers make a lot of their purchasing decision on the internet before they ever see a home.