A spring real estate surge party but few RSVP's
May 4, 2007
The Northern Virginia 2007 Spring Surge Gala appears to not be well attended. The Daily Market Watch is showing interest in the party starting in early January when inventory rose rapidly but, so was contracting activity. The averages for the last 30 days show contracting activity leveling off or even slightly declining. The good news for sellers that are getting contracts and actually closing is that prices appear to be holding up.I wonder if we would get more interest if we relaxed the dress code?
Comment on A spring real estate surge party but few RSVP's. Follow this article is off. More articles like this one filed in: Market Conditions (with charts)
Subscribe to eMail Notifications
Enter your email address in the appropriate box below (email never disclosed)Blogs that link here
Copy this link (Trackback URL) to track this article.Comments
I enjoy reading your postings and appreciate the insight they give me into the market that I'm about to plunge into. I'll be returning from an overseas posting and will buy something in the N Va area this summer. I've been getting listings from my broker daily and have seen ample evidence of price elasticity. The properties that have been on the market for over 100 days are dropping incrementally from high 600s to low 600s. As an outsider looking in, they still appear overpriced. I'm looking forward to getting back to the area (left in 2000). Know it'll take hard bargaining to settle at a price point where I won't feel too vulnerable to future price declines.
YES!!! That may do it.
And offered free beer in dixie cups?
Subscribe to: 
Valid CSS and
