Sterling Detached Homes Real Estate Market Update
For January 18th 2008:
•· Current home inventory = 322 homes.
•· Price range for the Sterling area = Low $209,900 - High $840,000.
•· Properties sold or under contract over the past 30 days = 85.
•· Current absorption rate or average length of time a Sterling home stays on the market = 3.8 months.
The Sterling market picked up some momentum over the past couple weeks with inventories shrinking and homes moving faster. The number of available detached homes dropped by 45 units since mid-December, some of this may be due to the season however, the pace of sales remained strong at 85 over the past 30 days.
Time will tell but we may be turning the corner on this market. Rates are great and inventories are starting to shrink which usually pushes home values up. If you are looking to purchase it may never be better!
If you would like to know specific details about homes in your neighbor-hood call me at 703-728-7060 or check out the free MLS search on my website @ http://www.realestate777.com/.
I am here for you for every step.
Jamie Casamento
Realtor ERA Teachers, Inc.
703-728-7060
http://www.realestate777.com/
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