It's getting closer and closer and buyers and sellers are definitely reacting. I'm talking about the federal tax credit deadline. With the final day only 25 days away, the MRIS region saw even more resurgence after the week ending March 27th and an eruption of market activity.
There were 3,382 signed purchase agreements for the week, which is an increase of 44.7%. On top of that, at 5,315 new listings in the MRIS region, there was a new listing increase of 26.9% from the year before.
A few other interesting trends:
Pending sales were also up compared to last year at 30,103.
The length of time that homes stayed on the market until sale went down 16.2% from last year.
The house affordability index is down 8.8% compared to last year, but up compared to 2003.
For the full MRIS activity report, click here.
Helena Talbot
Broker/Owner
Exit Realty Talbot and Company
Phone: 703-574-3800
Email: Helena@mris.com
www.helenatalbot.net
www.loudouncountyonline.com
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