It's 2009 or at least it is supposed to be.  This week it seems like it could be 2004 at least in my little corner of the real estate world.

Here's a few signs of the changing market that I've experienced this week alone:

  • 2 offers on my townhouse listing in Alexandria.

  • 10 people taking my pre-licensing class -- they want to be REALTORS? (Don't they read the newspapers and listen to t.v. news?  The real estate market is supposed to be horrible, remember...)

  • Put a house on the market yesterday.  Finished entering the listing into the MLS around 11 a.m.   By 2 p.m., 3 agents had visited the property and one called me indicating she'd be writing an offer.  Today I have another agent sending an offer as well.  2 offers in less than 24 hours on the market!

  • In less than 12 hours after I announced it, 35 agents in my brokerage have signed up for a preview tour of an ultra-luxury condomium in Arlington.

  • Yesterday, I attended an economic briefing by Dr. Stephen Fuller, Director for the Center of Regional Analysis at George Mason University.  Following Ben Bernanke's lead, Dr. Fuller declared that the recession is officially over.  He expects home sales and inventory numbers to come roaring back around March of next year.

The real estate market is dead.  Business is slow.

I certainly don't think so.

 

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9 Comments on Signs of a Changing Market

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Hi Brian,

Things are heating up on the left coast, too!  Glad you had a great week.  Hope next week's even better!

11:32am • #1
217,054 Points 12 Featured Posts Outside Blog

Well I am seeing the same things Brian!  Multiple offers are all over the place!

4:46pm • #2
164,326 Points 6 Featured Posts Localism Sponsor Outside Blog

I am anything but slow. I feel as though I missed the entire summer and all the things I usually do because I was working 10 hours a day. But you have to make hay while the sun shines. Glad you had a great week.

4:57pm • #3
4 Featured Posts Outside Blog

I'm glad to hear that things are heating up in your area, Brian.  I  sure hope it heads my way soon - 

5:21pm • #4
103,306 Points

Hello Brian, good to hear it heating up like 2004.  We've had warm, then cool, then warm again in this Washington.  Thanks!  John

11:10pm • #5
SEP
19

Glad to hear your market is doing well.  With interest rates so low, it only makes sense it would be a good time now.  Hope it continues for you. 

9:01am • #6
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Outside Blog

I suspect your sellers are pricing your listings correctly and you have the tools to counter the NEGATIVES in the media and press!!! Good for you!!

7:36am • #7

Things are hot in No Virginia in the $350,000 maybe $400,000 and under range. The $8K incentive has worked. IMO the government should offer across the board to all home buyers. The first time buyers are purchasing foreclosure and short sale properties; but there are not enough move-up buyers to support those middle price ranges, $500-$750K, and these sellers are not moving up to $1M+ homes.

Let's hope Fuller is right.

 

7:37am • #8
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21

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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance

Address: 6226 Old Dominion Drive, McLean, VA, 22101

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