In Stafford, King George, and the greater Fredericksburg area we have been plagued with high inventory which suppressed the market. A couple of years ago the inventory for our realtor association got up to around 4500 listings. At this moment the count is around 2689 active listings, 560 listings under contract, and 247 listings that closed escrow in the past 30 days. This means we are showing signs the market is turning the bend to recovery.
As with the last cycle our prices should flatten out and then slowly rise for a few years before we hit a big boom again.
For investors this is a great time to purchase .
Please call me with any real estate related questions.
Susan Walsh/EXIT Realty Expertise/540/ 809-1366