Well, I’ve been really apprehensive of what our real estate market would look like in Loudoun County after the first time homebuyer tax credit expired. (which happened last Friday, so you can go ahead and exhale now)
Look at what our inventory levels did in the last couple of weeks…a lot of homes on the market all of a sudden. And apparently there wasn’t quite enough buyer demand to soak up all those homes. Of course, we’ll have to watch closely in the next few weeks to see if demand will pick up and these houses will go under contract. Otherwise days on market will increase and things will definitely have slowed down.