loudoun county housing market prediction ashburn buyers sellers market

Where Has All The Bad News Gone?

July 24th, 2008 categories: Market Statistics, opinion

I have been known to jump the gun. I can’t help it.

However, I am sticking my finger in the wind and sensing that the winds of change have begin to blow. I have been saying it all year when many of my fellow real estate bloggers refuse to (probably out of wisdom). Nevertheless, there is a small shift that is being seen in our local market that we have not seen for 2.5-3 years.

As I mentioned yesterday… Economist typically agree that a buyers market typically means that we have 6 or more months of inventory available. Currently, not including condos, we have around 4.5! Does this mean we are moving in to a sellers market???

I will say this. Buyers who are trying to steal homes from seller are not having as much luck as they used to. In fact, escalation clauses are becoming common place and it is once again just as cheap to buy as it is sell.

I do know that this is one of the best months of year to buy homes so there is something to say for that. Nevertheless, a tipping point is timely thing and would be well appreciated.

Search the MLS.

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