The market continues to improve for sellers and buyers. There are 114 single family homes in Oak Hill/Herndon on the market versus 116 a week ago. There were 14 new listings - 2 of which were relisted properties. Of the 116 homes, 5 are pre-foreclosures. 11 homes got contracts which is more than last week - more good news. Nine of the homes were on the market less than 20 days and the other 2 were on over 5 months. It is becoming very noticeable that sellers have to price their home correctly upfront. There seems to be a lot of activity in the first week and then it seems to dies down after that. It is still difficult to price homes correctly but sellers need to be on top of price changes so that they do not become stagnant on the market. As inventory keeps shrinking, there are going to be fewer choices for buyers.