My Real Estate Blog

Another great Spring week! The market continues to do well in Northern Virginia. The end of the Spring market is coming soon and we will see what the summer market has to offer. Hopefully, we will continue the sales as we have had in this last month to keep our market stabilized so that both buyers and sellers benefit. Buyers want to know that their investment will not go down right after they buy it. In Oak Hill/Herndon, there are 58 single family homes on the market. It looks like the inventory will continue to remain low through the year, making it tough for buyers to find good homes to buy. On well priced homes in great shape, the sellers are receiving multiple offers and some escalation clauses are being used. The first time since the early 2000s. We had 14 new listings, http://matrix.mris.com/Matrix/Public/Email.aspx?ID=30972373405  - one was a short sale and no foreclosures. There were 9 homes that sold in Oak Hill/Herndon - all seller solds. To see those, click here http://matrix.mris.com/Matrix/Public/Email.aspx?ID=30972393015. Have a great Memorial Day!

Posted by Angela Mitchell on May 25th, 2009 4:59 AMPost a Comment (0)

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