Hope everyone had a great holiday and enjoyed time with their families! Now down to business...
As expected, the number of active listing on the market has slowed down as we hit the holiday season. However, the month of November did have some surprises. Compared to the last week of September, the last week of November had the following results in 20148...
- Active Listings - September: 72 November: 49
- Sold (30 days) - September: 19 November: 15
- Under Contract (30 days) - September: 20 November: 33
Why the number of active properties on the market and settled homes have slowed, serveral properties more properties went under contract in November than October - great news for sellers! Several buyers are still out there taking advantage of the low interest rates.
The rental market has stayed pretty consistent in 20148.
The number of distressed properties still remain low in the 20148 zip code. There is currently on 2 active foreclosures in the area and 8 active short sales.
If you ever have questions regarding he real estate market, contact me at 540.454.1551 or eric@e4realty.com.
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