Is Anyone Buying Homes Right Now in NOVA? Lets See

FairfaxFirstTimeHomeBuyers.com

4/29/09

We would be honored to help you buy a home. Contact us now if you are thinking about buying in the next 2-3 months.

Overall : Inventory is starting to shrink, Less Bank Owned Properties are on the market, Multiple offers are every where, Sales continue to grow.

Check back at the end of the month to see how much the Fairfax County Market has fluctuated.

If you want a detailed report on your neighborhood, please emails us !

Forget what the media says... lets look at the FACTS.... you can then make up your own mind

Since most of the readers on this blog are first time home buyers, I will keep the price under 400,000 for our data. Which means the numbers will be lower then if we used any price.

Fairfax

149 Active Listings (-24 from 1 month ago)

In the last 30 days 274 homes are under contract or have sold ! (+64 from 1 month ago)

Centreville

115 active listings (-72 from 1 month ago)

In the last 30 days 367 homes are under contract or have sold ! (+80 from 1 month ago)

Reston

113 active listings (-29 from 1 month ago)

In the last 30 days 194 homes are under contract or have sold ! (+40 from 1 month ago)

Herndon

67 active listings (-58 from 1 month ago)

In the last 30 days 288 homes are under contract or have sold ! (+53 from 1 month ago)

Falls Church

191 active listings (-40 from 1 month ago)

In the last 30 days 269 homes are under contract or have sold! (+25 from 1 month ago)

Arlington

273 active listings (-14 from 1 month ago)

In the last 30 days 224 homes are under contract or have sold ! (+24 from 1 month ago)

Alexandria

Over 500 active listings (Still)

In the last 30 days over 500 homes are under contract or have sold !

Mclean/Vienna/Oakton

87 active listings (-30 from 1 month ago)

In the last 30 days 94 homes are under contract or have sold ! (+17 from 1 month ago)


Observations

Plain and simple. NOVA homes are selling quickly. Our inventory continues to shrink and our sales in most places are still climbing. This can't continue.

Now is one of the best times ever to buy. Because of affordability, low interest rates, and now a $8,000 incentive from the government.

If you are thinking about buying within the next 3 months. Contact us

Spring time is just around the corner and there will be sure to have a lot more listings on the market but there will also be a lot more buyers.

Everyones situation is different, but if you want to see if now is the best time for you to buy. Please email us

But as for the numbers ....

These numbers tell us that people are buying real estate RIGHT NOW why ???? because its one of the best times to buy real estate. Northern Virginia is its own market and can not be compared to the rest of the US. Investors and first time home buyers know that right now is the best time to buy.

Real Estate should be considered for long term gain (3-5, 5-10 years) Not instant gratification which happend in 2003/2004 When you consider that you will probably be in this house for 5+ years, then now is absolutely the best time to buy, IF you are still living within your means.