My Real Estate Blog

September 22nd, 2007 4:02 PM
Yesterday, I read an article in one of the newspapers that they throw in your driveway. The article stated that the real estate market in Northern Virginia currently was doing well and that prices had risen slightly. I think they should ask a seller who is currently on the market. You wonder how much other information in the paper is erroneus or significantly after the fact.  This article was relevant 60 to 90 days ago. We are definitely feeling the affects of the mortgage business today. This time of the year is usually a good time to sell your home but the market has slowed.  In Herndon/Oak Hill, the net inventory of single family dwellings is at 109 homes - up 7 from last week. There were 8 new listings - 5 of which were homes that were relisted at new prices. Three homes sold - one was on the market 170 days, 2nd on 146 days and one was on 30 days. Hopefully, we will just glide thru the rest of the year without a large inventory increase and have a great Spring market 08.  If our inventory can hold onto these numbers, we should have a great Spring market.

Posted by Angela Mitchell on September 22nd, 2007 4:02 PMPost a Comment (1)

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