Wow.  The last few days have been azy-CRAY.  I'm exhausted, truth be told.  Now don't get me wrong, I'm not complaining.  Being busy in this - per the media - "AWFUL" market is a good thing.  It's hard to predict if the trend is going to last, but based on the current activity, at least in the sub-markets I specialize in here in Richmond, maybe things are turning around.  Here's what I've personally done in the last five days:

• Written an offer;
• Received two more;
• Had multiple showings on each of my listings;
• Held two well attended Agent Previews;
• Attended the VCU Housing Fair, where we signed up over fifty potential buyer contacts; and
• Had SEVEN showings at the Windsor Court Condominiums between Friday and Saturday, with four of those potential buyers scheduled for a second look on Sunday, either before, during or after our scheduled Open House, which will be from 1:00 - 4:00 p.m.

Phew!  I'm ready to put head to pillow tonight, and to get up and start over tomorrow.  But first a few thoughts on the possible drivers behind this activity:

1. Historically low interest rates, hovering around and even under 5%;
2. The first time home buyer tax credit of $8,000;
3. Fairly high amounts of distressed property inventory, mainly foreclosures and short sales, meaning great deals for buyers looking for a bargain and willing to do some work; and
4. The traditional Spring market spike.

The reality is this increase in activity is quite likely a confluence of all these factors, to some degree.  But I'm not going to look a gift horse in the mouth.  I hope the sales activity continues, because it's good for the broader economy.  And of course I hope it will be good for me.  [:)]