Inventory Dropping…

We’re now in the fall season, so it’s a great time to take stock of where the real estate market has been this year, and where it looks like we are heading.  For starters, let’s look at inventory levels in the three Sterling zip codes. Like we’ve seen in the rest of Loudoun, inventory levels across Sterling rose dramatically in the spring and summer, then dropped off as we’ve headed into fall. This is consistent across home types; and the current inventory levels are comparable to October 2009.  I’m interested to see if the number of homes available for sale continues to fall through the winter, or if it stabilizes at the current level.

Cheers,

Heather

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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.



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