July 2009

Found 1 blog entry for July 2009.

Today’s edition of The Realty Times showcases an article by Anthony Carr regarding the red hot real estate market surrounding Quantico Marine Base.  I am glad that someone has recognized that this market is no longer a Buyer’s market.  The area surrounding Quantico Marine base, particularly Dumfries and Triangle had been very hard hit over the last 2 years by foreclosures and plummeting prices.  Recently, however, we have seen a dramatic shift in the local market.  Current inventory in the area is woefully low.  The author of the article reflected a 2 months’ supply, I would argue that it is actually less than that.  Current inventory is so low that all properties, regardless of condition seem to find themselves with offers, many times multiple offers. 

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