The market did well this week for sellers in 20171. There are 26 single family homes on the market - which is too low for buyers to find the right home - which makes the prices stronger for sellers.  Not many listings came on the market with our impending blizzard, so I expect quite a few new home listings will come on towards the later end of this week. As we ease into the Spring market, we should see more competition for the sellers and the buyers will have more houses to choose from. There were 7 new listings. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-101284670-998. Out of the 7 new listings, one was a relist. Two of them are my listings - both show well and have been updated and remodeled. If you know of anyone looking for great homes in 20171, have them check out my 2 new listings. The great news for sellers was that 7 homes sold this week. I would think it will be a little slower this week as people dig themselves out of the snow. To see the sold homes this week, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-101286001-655. The home on Lockgate place was a foreclosure. It looks to be one of those homes that the seller took out a second and took the money and then the market fell and was not able to pay the mortgage. It was purchase din 2003 for $450,000 and they listed it at $539,000 - so plenty of equity if they had not taken a second. Stay warm and looking forward to clear streets!

The market continues to do well for the sellers and the buyers are still finding it difficult to find their choice in houses. By the number of new listings coming up now each week, you can see the Spring Market is here - eventhough the snow remains outside and with threats of new snow. We have 37 single family homes for sale in Oak Hill/Herndon - a net jump from last week. There were again, 11 new homes. None of the homes were reissued and none were short sales or foreclosures. To see those new listings, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=35411997244. Again, we had 6 homes sell this week. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-102862396-330. Again, none of them were short sales or foreclosures. So overall, a strong week in 20171 for the real estate market. Last year, we got to where 10 to 12 homes were selling a week so we will see if we reach those numbers this Spring. The inventory is still very low - which makes it a little different than last year. I put a new home on John Milton for sale this week and you are welcome to come by and see it. I will be there if you would like to see the home or have any questions on the current real estate market.

As we recover from the snow, it seems that the market has done a small switch towards the buyers side. Our inventory increased to 36 homes with 11 new homes - nearly 1/3 of our inventory came on this week. You can see the Spring market is on its way. To see the 11 new homes, check them out  by clicking this link http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-102268179-638. One was reissued, one was a foreclosure and one was a short sale, so a net of 8 new seller sold homes. Our momentum on selling homes has not regained its' strength that it had 2 weeks ago. 3 homes sold and to see those, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-102268035-655. One of the sold homes was one of my new listings on Pinecrest. Even with the snow, it had about 10 people through and received 3 contracts. So the buyers are still out there looking. I am hoping to see a lot of movement in the sold category this week since the snow is a little more melted, which makes it possible for buyers and agents to get to the houses.

Brrr! Grrr! Cabin Fever - lots of words being tossed around this week. I hope everyone survived the Blizzards of 2010 and stayed warm. The winter snow definitely put a damper on the showings this week but the market did well despite the impossibility of getting around. There are 28 single family homes on the market in 20171. There were 4 new listings that came on the market. To see those, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-101657963-534. I know the buyer traffic this week was way down and am pretty sure the buyer traffic this weekend should be high. There were 3 homes sold this week - which seems impossible - but one I sold as a buyer agent. We actually were negotiating the contract many days before the storm and we ratified during the storm - thanks to email. I am sure that it is the same for the other 2 sales. To see those, http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=35176420884. I would think that we should see somewhere between 8 or more sell this week to compensate for the lower number last week. The only issue is that the inventory is still very low and buyers are still finding it hard to find their home.