My Real Estate Blog

September 28th, 2007 10:43 PM
Well, another month has gone by. September was definitely one that real estate agents would like to forget. Going into this weekend, we have 107 active single family homes for sale in Oak Hill/ Herndon - which is actually wonderful news - down from last week. There were 8 new listings - 5 of which were relisted. There were only 2 sales - one was on the market 14 days and one was on 68 days. I think that the fact the inventory did not go up is really good news. I think sellers are hesitant to put their home on the market - which is keeping the number low. Noticeably though, the inventory of foreclosed homes is not increasing the market significantly this past week. Although sales are slow - they usually pick up once the buyers feel more comfortable with the market. The realtor traffic with buyers through listings is slow. The open house held last weekend had about 6 people through - 3 of which were neighbors. Although that sounds slow - that was much better than the week before. Looking forward to October!

Posted by Angela Mitchell on September 28th, 2007 10:43 PMPost a Comment (0)

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