Unofficial Update on the Northern Virginia Real Estate Market

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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Comment balloon 4 commentsHolly Weatherwax • January 29 2008 10:10AM

Comments

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.
Posted by Gregory Maley, REALTOR, GRI, CBR, SHS, e-PRO, ABR (Sold Buy the Sea Realty & R.E.N.T.) almost 11 years ago
Holly...keep spreading the good news!  Our activity has picked up as well!
Posted by Laura Karambelas, Realtor - Downers Grove (Baird & Warner Downers Grove) almost 11 years ago
I think you are right, Greg, nothing like cheap money to get people moving!
Posted by Holly Weatherwax, A Great Real Estate Experience ( Associate Broker, Momentum Realty) almost 11 years ago

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

Your Friend in Charlottesville

Posted by Charles McDonald, REALTOR®, Blogger, Principal Broker®, Owner (Charlottesville Real Estate Solutions) almost 11 years ago

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