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Unofficial Update on the Northern Virginia Real Estate Market

By
Real Estate Agent with Associate Broker, Momentum Realty

I have talked to a number of agents (all with different firms and who work in different markets) who have held open houses over the past two weekends. Without exception, all have reported an increase in traffic from open houses held before the holidays.  Personally, I have seen formerly reluctant clients making offers on homes.  This is huge.  Over the past several months, even well qualified buyers seemed content to 'wait it out' and no one was really out looking. Now they are not only looking, but actually writing offers!

I feel like we might be seeing the beginning or our Spring Market... 

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 Momentum Realty

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Comments(4)

Gregory Maley
Sold Buy the Sea Realty & R.E.N.T. - Wilmington, NC
REALTOR, GRI, CBR, SHS, e-PRO, ABR
I've gotten calls recently from "fence-sitters" as well.  I think the talk of lower interest rates just may be getting them a little bit motivated.
Jan 29, 2008 02:15 AM
Laura Karambelas
Baird & Warner Downers Grove - Downers Grove, IL
Realtor - Downers Grove
Holly...keep spreading the good news!  Our activity has picked up as well!
Jan 29, 2008 02:48 AM
Holly Weatherwax
Associate Broker, Momentum Realty - Reston, VA
A Great Real Estate Experience
I think you are right, Greg, nothing like cheap money to get people moving!
Jan 29, 2008 04:07 AM
Charlottesville Solutions
Charlottesville Solutions - Charlottesville, VA

Spring is here! Yea Ha!!  or should I saw.... WAA HOO!!!

Your Friend in Charlottesville

Jan 29, 2008 11:01 PM