Market Update December 7th through the 14th

By
Real Estate Agent with Long and Foster
The market is starting to look a little better. The inventory is down to 82 single family homes for sales in Oak Hill/Herndon. There were 5 new listings - 2 of which were homes relisted at lower prices. There were 3 homes sold this past week - which is better than the week before and we are so much closer to the Holidays. They were on the market 51, 58 and 25 days respectively. As far as the inventory is concerned, we are back at the figures that we had going into 2007 - which is really great news when you think of all the shocks that the bank industry gave us this year. So, hopefully, January will be a more rewarding month for sellers. I wish everyone a Merry Christmas and I hope you all have safe Holidays! See you in January. If you have any questions on whether you should put your home on the market this Spring, IO would be happy to answer any questions. Also, I think the decision on the school boundary change should be out January or February. 
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