Another good week in real estate for both the sellers and the buyers. The market has stabilized. This stabilization has been evident since December and has continued through the Spring Market. The Spring Market resembled the markets of 1992 thru 1999 - where we had a pretty fair suppply of buyers and sellers. For the past week, we have a net of 112 single family detached listings in Oak Hill/ Herndon. Of these, 15 were new listings with a total of 7 homes receiving contracts. Not bad for a holiday weekend. We should see a slowing of both new houses coming on the market and houses receiving contracts as the schools let out and pools open. Summer is almost here.

The market is very stable/improving in the Oak Hill/Herndon zip code of 20171. There are a total of 108 active single family listings for sale as of today. We saw 10 new homes enter into the market and 9 total homes got contracts - which is terrific. The market is definitely not dead this week. Inventory is remaining relatively stable. We should see an overall decrease in active listings over the next month - especially if the home sell at this pace. Again, staging and pricing are the keys to getting a contract in and at the right price. If you are interested in a stager, just email me. I have a list of good ones. If you are listing with me, I will pay for her first visit - certain restrictions apply. Have a great weekend.

The summer market is here. There were 6 new listings this week. A total of 3 homes sold this week with a net of 109 single family houses on the market. The number of homes sold for the week is lower than last week and the net is about the same. This happens every year as we approach the end of the school year and the pools are open. You will need an experienced agent to guide you thru this market - if you want to sell - experiance will matter. Sellers will need to home stage their house to get buyers attracted. Those sellers who price their home correctly and look at their home from a buyer's prospective will sell. Summer is here and we will probably just humm along until September. For all those fathers out there, Happy Father's Day and may you get a day of rest!

The summer market is but a few short weekends away. Time for vacations, schools are out and summer camps are in. The market normally slows thru June, July and August - but we will see. So far so good. There were 111 total listings in 20171 - down 1 from last week - so the inventory had definitely stabilized. There were 7 new listings that came on this week - less than last week and 8 homes received contracts - also, more than last week. Overall, a great first week of June. The market under $500,000 seems to be a bit slow - probably due to the sub-prime loan issues. Today interest rates went up - so we will see what affect that has on our market. Have a great weekend - stay in the shade.