My Real Estate Blog

March 19th, 2008 10:57 AM
The sellers continue to enter into the market. There are now 113 single family homes in 20171 - Herndon/Oak Hill for sale - up from 105 last week. There were 20 new listings - one of which was a relist. A couple of these were foreclosures that continue to come on the market at $150,000 to $200,000 less than they sold for in the high of the market - 2005. A total of 4 homes received contracts last week - one was a foreclosure that was on the market for 189 days. The others were less than 50 days on the market. The glut of homes coming on should be in April. We should then see less new homes coming on as we go through May and the summer months. The inventory should start going down after that.

Posted by Angela Mitchell on March 19th, 2008 10:57 AMPost a Comment (0)

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