My Real Estate Blog

What an amazing week with the count down of the federal government's first time and move up buyer credit. Things were crazy trying to get all the things done by the midnight deadline. It was a great week in real estate and I hope it calms down a little but continues to do well into the Spring months. We have 41 single family homes for sale in Oak Hill/Herndon. The inventory dropped from 54 homes for sale to 41 - a huge drop in inventory. The amazing thing is that 21 homes sold this week - seven more than last week. I am not sure that I have seen that many homes sell in one week. To see those homes, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-109550628-546. Out of the 21, I sold my listing on Fallon and I bought one for a buyer who called on Wednesday and said that they needed to buy a home by Friday midnight - we were successful - we were in high gear with that midnight cut off and were able to do it. Congrats to the buyers for having to make very fast decisions. There were only 4 new listings last week - a lot less than the week before. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=36606008492. So now we will see what the market does in the aftermath of the new home tax credit. Hindsight is always great. Hopefully, it will slow down, become more stable and continue to reward those sellers who put their home in great condition to sell. Enjoy your weekend! I have a great Hamilton 5 bedroom up model with a terrific back yard on Viking coming on the market May 14th -see the coming soon listings for more details. It will be open May 16th 1-4PM

Posted by Angela Mitchell on May 1st, 2010 12:09 PMPost a Comment (0)

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