The seller's side of the market is where the action was at for the week ending April 10th. A whopping 63.3% increase from a year ago for new listings posted during the week could mean that sellers are beginning to have a little faith in the market.
Pending sales also saw an increase of 21.2% from a year ago. Over the last three months alone, there have been almost 23% more signed purchase agreements than during the same period in 2009.
In other trends...
Active listings for sale were down 20.1% compared to last year.
The average number of days that the listings were on the market until sale was 114, down 18.6% from last year.
2009 and 2010 sit at even percentage on the housing affordability index.
So what's to come after the tax credit expires? Most likely the market will accelerate to the very end of the deadline, leading into a slower summer selling season.
For the full MRIS Market 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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