The market was much better this week than it has been for the last 5 to 6 weeks but it still slow for the seller sold homes. We have a total of 50 single family homes for sale in 20171 Oak Hill/Herndon. Lower than it has been in the past. The inventory is very low. To give you perspective, when the market was very hot in 2005, we had between 25 and 30 active listings on the market at any one time. To see them, click http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29195449048. We had 5 new listings that came on the market. To see them, click http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29195233145. They are all seller sale homes. One of the the reasons that we are not seeing too many foreclosures out there is because the homes are coming on as short sales and they are being contracted on them as short sales. The banks are working to get the short sales to work since they then avoid the expense of a foreclosure. There were 5 homes sold this week - much better than last week. One of them was a short sale and one of them is a foreclosure. The short sale has been on the market for 87 days and came on at $849,900 and dropped to $714,999 before it got a contract. The other was a foreclosure and came on 137 days ago at $675,000 and dropped to $615,000 before it got a contract on it. The other 3 homes were seller sold homes - which is 3 times more than last week and the week before. Two of them had substantial price drops after 30 days and the other came on the market I would say below market. To see them, click on http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29195215832 Now that the stimulus package has passed; hopefully, we will see the first time buyers buy the lower priced homes or first time buyers home - which allows the medium to higher price homes sell to the move up buyers - which would be a great help.