The overall foreclosure news is still not good but we seem not to be as bad as the rest of the county or in Loudoun. There are a total of 96 active single family homes in Oak Hill/Herndon going into this weekend down from last week figures of 98. I think, as we go through the holiday season, this number will continue to fall - which is a healthy sign for sellers. There were 5 new listings on the market this week - one of which was a reissued listing. The number of foreclosures remain at 5 - again, another healthy sign. A total of 4 homes sold this week. They were on the market from 3 to 105 days. If we can sell 4 homes a week with this number as our inventory - we will be doing great - back to the earlier part of this year before the bank foreclosure report in July that sent a shock through our market. Keep your fingers crossed and hope that you have a safe and wonderful family Thanksgiving. It will be tough this week to predict anything unless we have at least 3 homes sell.
 
Posted by Angela Mitchell on 11/18/2007 10:11 AM   Comments (0)   market update, herndon, oak hill  
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Angela Mitchell

Herndon, VA

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