My Real Estate Blog

January 17th, 2009 11:43 AM
Another much better week in real estate in 20171. The inventory is still very low  - 54 single family homes for sale - and it is staying low and the houses are actually selling and not just being taken off the market by frustrated sellers.  There were 6 homes that sold - the highest number that we have had in at least 3 months. Of those, 3 were foreclosures. 3 were seller solds - which is great news. They were on the market anywhere from 39 days to 241 days. You can check them out at: http://matrix.mris.com/Matrix/Public/Email.aspx?ID=28576221753
The interest rates are really helping and I have heard some people had locked at less than 5 percent interest rates for 30 years. There were 5 new homes that came on the market - none of which were foreclosures - which is another good sign and would hope that continues. I think if we see this trend through January, our spring market should offer a lot of hope for both buyers and sellers. Call me at 703 264-7877 or email me if you have any comments. Have a great week!

Posted by Angela Mitchell on January 17th, 2009 11:43 AMPost a Comment (0)

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