It's time for the Weekly Market Activity Report - here to keep you an informed consumer one week at a time...
The MRIS region is still seeing a pattern of strong home sales, but weak new listings. For the week ending January 16th, signed purchase agreements were up 24 percent from a year ago. However, new listings were down 1.7 percent.
The next few weeks ahead will be the true test of whether the home buyer's tax credit actually has any affect on the market. New listing numbers should increase with the tax credit because most buyers taking advantage of the credit will need to sell their first home before buying a new one.
So far, the trend has still been downhill for new listings, but with only 100 days left until the credit expires, the new listing number may be on its way back up that hill.
Check out the full MRIS Weekly Market Activity Report
Helena Talbot
Broker/Owner
Exit Realty Talbot and Company
Phone: 703-574-3800
Email: Helena@mris.com
www.loudouncountyonline.com
My Featured Listings
Become a Facebook Fan
Follow Me on Twitter
No comments:
Post a Comment