How’s the Herndon Market?!
Here are some current stats. Stats can be confusing, so give me a call and I’d be happy to explain the stats and how they effect your home sale/purchase.
This is the total number of active listings that are currently on the market in this area. This is important as it tells you how many homes you must compete against if you were on the market.
These are the most recent homes that have gone under contract. These are the best indicators of what list price activity will be. This figure is more accurate than comparable data from 6 months ago.
This is the amount of time that a property has been on the market in the MLS Days on Market is an important number to understand. On an individual listing it lets you know just how long a property has been listed. Many buyers feel that is an indicator of a seller’s willingness to make a deal as the longer they have been on the market the more motivated they become. That may be true in some cases, but not all.