My Real Estate Blog

August 27th, 2007 9:25 AM
We are either experiencing the end of summer real estate blues or the finaning issues. The last weeks of August are the biggest beach vacation weeks. This week, we had a slight increase in net listings in Herndon/Oak Hill to 96 single family homes. There were 7 new listings that came to the market but only 2 homes sold for the week. Obviously if only 2 homes sold and we have 96 homes on the market - the months on market for the average home will be 12 months - with 8 homes selling per month.  Only time and hindsight will tell us. The market picks up in Fall - usually mid September.  Enjoy your Labor Day weekend! 

Posted by Angela Mitchell on August 27th, 2007 9:25 AMPost a Comment (0)

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