My Real Estate Blog

September 22nd, 2008 9:07 AM
The market showed a lot more showing activity this week - which should help the sales. You need buyers looking at listings each week in order for sales to occur so when activity goes up - the market should reflect that in sales. This week, we have 78 single family homes on the market in Oak Hill/Herndon zip code of 20171. Down one from last week. Overall, the inventory is still very low for the time of the year. There were 2 new listings that came on - one of which is banked owned. Fairfax County assesses the property at $553,720 and it just came on the market at $450,000. It has almost 2300 above ground square footage - so looks like a good deal. It was not bought during the high of the market but it looks like the seller took home equity loans out that exceeded its value. Four homes sold this week - which is good news but 2 of them were foreclosures - which are good to get off the market but do not accurately reflect the sales for the past week. I am hoping with the increased traffic through the listings, this will reflect int he homes sold in the upcoming weeks. At least, it was better than last week.

Posted by Angela Mitchell on September 22nd, 2008 9:07 AMPost a Comment (0)

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