My Real Estate Blog

May 11th, 2009 10:22 AM
The market did well again this week. The inventory of single family homes in Oak Hill/Herndon is at 60 - the same as last week. There were 12 new listings that came on the market - one of which was a relisted home. To see those, click http://matrix.mris.com/Matrix/Public/Email.aspx?ID=30706351126. None of the new homes listed were foreclosures or short sales. 10 homes sold this week - which is a great number of homes sold- showing a lot of strength in the market. To see those, click http://matrix.mris.com/Matrix/Public/Email.aspx?ID=30706406783. Two of the 10 were foreclosures sales. One was on Nestlewood and had sold in 2004 at 400,000 and was listed for 61 days and was at $349,000 when it got a contract. The other was on Elliott An and it looked like the owners had borrowed too much against it and ended up in foreclosure. It is definitely getting harder for buyers to find the right home. Hopefully, this trend will continue through the rest of the Spring Market. Enjoy the sunshine.

Posted by Angela Mitchell on May 11th, 2009 10:22 AMPost a Comment (0)

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