The market is starting to look a little better. The inventory is down to 82 single family homes for sales in Oak Hill/Herndon. There were 5 new listings - 2 of which were homes relisted at lower prices. There were 3 homes sold this past week - which is better than the week before and we are so much closer to the Holidays. They were on the market 51, 58 and 25 days respectively. As far as the inventory is concerned, we are back at the figures that we had going into 2007 - which is really great news when you think of all the shocks that the bank industry gave us this year. So, hopefully, January will be a more rewarding month for sellers. I wish everyone a Merry Christmas and I hope you all have safe Holidays! See you in January. If you have any questions on whether you should put your home on the market this Spring, IO would be happy to answer any questions. Also, I think the decision on the school boundary change should be out January or February.  

There were 88 active single family homes going into this weekend for sale in Oak Hill/Herndon. There were 2 homes sold this past week - both having been on the market over 90 days. Also, there were no new lisitngs so the market will probably just continue the same as we go through the holidays. Looking forward to a better market in January.

Well, the market continues to plug along at a snail's pace. This week, there are 90 single family dwellings on the market in Oak Hill/Herndon zip code of 20171. This continues to go down which is a good thing for the sellers competing against themselves. Eventually, the market will stabilize, the buyers will come enter the market and there will not be a lot of inventory to choose from - again, the sellers who can stage their home and price it correctly will win. The reduction is due to the sellers deciding to rent their homes or just sell them at a different time. One home sold last week which was on the market for 172 days. The one thing that I noticed this week, in contract to the last 3 weeks, I had 2 potential buyers call me off ads - that has not occurred in awhile - so, hopefully, this means something.