My phone is starting to ring with both buyers and sellers - which is great news and certainly a good start to the New Year as we get to the Spring Market.  This week was a good one for Oak Hill/Herndon. I would think buyers are having a hard time finding well price homes in good condition. The inventory is very low - there are only 54 single family homes on the market between $324,000 and $1,699,999. If you think about it, that is a very wide range with very few houses in each price range so I really see an opportunity for a well priced home that shows top notch to sell in a reasonable period of time for a fair market price - the market price being a very hard thing to determine with so few seller solds. In the heat of 2005 market, we had 30 homes on the market for sale. In the horrific excessive inventory market of 2006, we had 197 homes on the market - so you can sort of see where the inventory is in relation to 2 other time periods. This week, though, we had 3 homes sold - 2 of which were seller solds - great news. If we can get that number up to 4 to 6 - our market would be doing great. Prices will never be as high as they were, but at least they would level off and stop falling. One of the 3 homes was a foreclosure that sold in 2004 at $656,000/ It was priced at $599,000 and got a contract on it in 7 days.  I would say prices are now at the 2003 prices and it would be nice if they just stayed at the 2003 prices. There was 1 new listing - a non-foreclosure. If you are thinking of buying or selling this year or just want some information, I can be reached at 703 264-7877