Market Update October 12th thru the 19th

The market in Oak Hill/Herndon worsened a little this week. We have a total of 107 listings going into the weekend of the 19th - which is an increase from last week. 3 homes sold last week out of the 107 listings. 12 new listings came on the market - 6 of which were reissued listings. There are total of 6 single family homes in foreclosure that are currently on the market. There still seems to be more buyers out there than we have had in the past 60 days - but still not a lot of sales. We overall are doing much better than Loudoun - so being closer in is a better investment. A home that I sold in 2005 for $539,000 just came on the market as a foreclosure for $389,000. Amazing prices. I think and see the investors are starting to come in and buy the distressed homes. Do you think the market is going to get worse or better, let me know. I be interested in someone else's perspective. The issue now is what will the Spring market in January be like. Got any thoughts? Have a great day and enjoy.