My Real Estate Blog

It was not as quiet as one would think. There are 27 homes on the market - I would think that is a 10 year low. There were 2 new listings that came on this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-98184827-993. There were 3 sales, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-98184854-427. Two of them were regular seller sold homes and one was a short sale that has been on the market over 90 days. Last year, we had a total of 239 homes sell in 20171 - Herndon/Oak Hill. To see those, click, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-98185084-963. Of those 239 homes that sold, 67 of those homes were short sales or foreclosures or 28 percent of our market - sounds pretty high when you put it in percentage figures. My feelings with the government new home buyer credit, our market rebounded price wise about 8-9%. Hopefully, this year, when the incentive goes away - we will maintain our prices and continue to stabilize - which give buyers a better feeling about investing in a new home. Looking forward to a stable real estate market for 2010. I have several new listings coming in January - look for them on the market soon. Happy and Prosperous New Year!!

Posted by Angela Mitchell on January 4th, 2010 2:02 PMPost a Comment (0)

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