Spring Has Sprung, The Grass has Riz, Wonder Where all the Inventory Is?

17 Mar
March 17, 2009

What a difference six months makes. After months of steadily increasing inventory, the number of townhouses, condos and single family homes available for sale in the market areas around our Dulles Office has dropped by more than half!

In the $300,000and under price range, it is tough to have much to show. Our agents report that at almost every single family home and town house they showed this weekend they ran into other agents who were also showing these same properties their clients.

Why is this happening? Where did all the inventory go?

Everyone has their own reasons for why, but what really matters is that the time to wait while prices keep falling is coming to a close. When demand picks up like this (and demand has picked up), price stabilization and increases are not far behind…

Search for Homes: www.averyhess.com

David Hess

Executive Vice President, REO & Relocation Division at Avery-Hess, Realtors
Email: dhess@averyhess.com
Tags: , , , , ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply