Back to school week. The market did well for a holiday weekend starting the week. We go into this weekend with a net of 99 single family homes for sale in Oak Hill/ Herndon - up 6 from last week. 8 new homes came on the market and the good news is that 6 homes sold this week - which is great. I hope to see this continue and we should have a decent Fall market. Especially, if the net listings stay under 100, prices should remain stable. The only issue still seems to be the homes priced/selling for under 500,000 - they are getting the most competition from the foreclosures - not necessarily from the foreclosures in the Oak Hill zip code - but the high number of foreclosures in North Herndon, Sterling and Loudoun county. A house I sold last year for $505,000 - went to foreclosure, came on the market for 389,000 last week and sold this week. That is a chunk of change lost.