The market continues to limp along. I personally did not see any increase in activity with the lowering of interest rates. I do think that it will help since I do see quite a few people come through with real estate agents during the week. This week was a little better than last week but still pretty slow. There are a total of 72 homes on the market - a slight increase from last week. There were 6 new homes listed this week - none of which had been relisted. Two of the new homes were foreclosures and one is a short sale. One of the new foreclosure listings sold March of 2004 for $412,000 and is now on the market for $395,000. Definitely an upside down listing, but not the usual $100,000 to $150,000 difference in original sale price versus today's price. We had 2 homes sold in the last 7 days. One is a short sale that came on the market with a contract on it and the other is a normal seller sold home. It was on the market 130 days before it got a contract. Original price was priced at $635,000 and was priced at $585,000 when it got a contract. Tax assessed value is $618,000 so below Fairfax County's evaluation. With the amount of traffic going through the listings, we should see better results in the next 2 weeks.