My Real Estate Blog

Well, the market seems to be doing great. Prices are not where the sellers want them but the buyers are finding homes that are well priced, show well and are continuing to buy them. The inventory is slowing going down and now is at 102 single family homes in Oak Hill/Herndon zip of 20171 so I would expect it to be under 100 in about 2 weeks. As it continues to drop, the market will start swinging to a balanced market where the sellers are able to negotiate on their home inspections and be able to come back on low ball offers. We should see more homes that are priced right selling close to list price. We had 8 homes sell this week - which is terrific. There were 8 new listings - 2 of which were relists so we seem to be starting to level off. I hope all those fathers out there are enjoying their day! 

Posted by Angela Mitchell on June 15th, 2008 8:04 AMPost a Comment (0)

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