Spring Inventory? Dropping Like a Rock..

Well, I had hoped to see some more homes coming on the market for the spring, and there were some, for just a little while….looks like they all went under contract as we near the end of the first time homebuyer tax credit. (Keep in mind the condo chart includes townhomes, too.)

[altos_chart st=”VA” cid=”1977167″ zid=”2888603″ rt=”sf” ra=”a” q=”a” left=”median_inventory” size=”m” timeSpan=”e” endDate = “2010-04-02″ /]

[altos_chart st=”VA” cid=”1977167″ zid=”2888603″ rt=”mf” ra=”a” q=”a” left=”median_inventory” size=”m” timeSpan=”e” endDate = “2010-04-02” /]

Not a whole lot to pick from, all of a sudden, huh? In the last 30 days,  153 homes went under contract in Leesburg.  Which means we have about two and a half months of inventory available at the rate at which they are going under contract (that is considered a seller’s market, by the way).  I have no idea (and am interested to see) what will happen after April 30, when the tax credit is no longer affecting the market.

If you are thinking of selling this spring, I’d highly recommend getting on market this week: very little competition, and highly motivated buyers.  If you are looking to buy this month, make sure you are working with an agent that is getting new listings to you on a daily basis, so that you don’t miss out.  You need to be under contract by April 30th to utilize that tax credit. There’s a home search button in the upper right corner of this page, too, if you want to see some information on those available homes..

All Leesburg Homes for Sale

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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