It’s definitely July. Not only are fewer houses coming onto the market each week, I’m also seeing fewer price reductions. I guess sellers are attempting to wait out the slow summer months, but I’m not sure that’s the wisest decision. September is typically the busiest month for property sales, and there might be more competition at that time than current sellers think.
Another thing I am noticing is that despite the slowdown in overall reductions, there has been a steady increase in reductions on homes that have already been reduced at least once before. The Lansdowne house I’m featuring (a steal at $459,900) is a perfect example of that; it’s been reduced 4 times since the end of May, and the last price drop was a mere 7 days apart.
If you’re going house hunting this weekend, it’s a great opportunity to see if the air conditioning in any given property is working; it’s supposed to be in the mid-90s through Sunday. Stay cool!
20958 Huntland Ct, Ashburn, 20147
5 bd/3.5 ba; 3856 sq. ft.
Reduced from $564,900 to $554,900
Days on Redfin: 99
21411 Clearfork Ct, Ashburn, 20147
4 bd/4.5 ba; 4290 sq. ft.
Reduced from $619,500 to $589,900
Days on Redfin: 42
42450 Meridian Hill Dr, Ashburn, 20148
4 bd/4.5 ba; 3970 sq. ft.
Reduced from $609,900 to $584,900
Days on Redfin: 58
43328 Markham Pl, Ashburn, 20147
4 bd/3.5 ba; sq. ft. unavailable
Reduced from $619,000 to $585,000
Days on Redfin: 80
19230 Coton Holdings Ct, Leesburg, 20176
4 bd/3.5 ba; 3630 sq. ft.
Reduced from $474,900 to $459,900 (Original list price: $519,900)
Days on Redfin: 41