South Riding Weekly Update 10/25/09 - 11/01/09

SUMMARY

The current inventory level for South Riding increased to 46 active listings this is about a 18% increase. With 4 new listings and 4 homes which went under contract last week, receiving contracts with an average 17 days on the market. 5 homes sold and went to record last week with an average net of 98.4% and average days on the market of 41. Looking back over the past 5 weeks of sold homes the average net to list price has been 98.4%, 99.7%, 97.1%, 97.9%, and 95.3% for an average of 97.7%, over the last 5 weeks. CLICK HERE for entire post...