Just Herndon - Michael Burns Realtor

JUST HERNDON REAL ESTATE

This website focuses on the real estate market in Herndon Virginia. As a long time resident, I own and maintain this site to help other residents stay on time of the local market.

This site will be updated regularly. Please reach out if you have any real estate question!

Michael Burns | (703) 403-2022
RE/MAX Allegiance
Below are the latest numbers for Herndon.
After the Herndon statistics, I have included some broader notes and charts about the state of the market, and what to watch for.
HERNDON ACTIVE LISTINGS
50
HERNDON PENDING LISTINGS
65
HERNDON SALES YEAR TO DATE
615
HERNDON SALES LAST 30 DAYS
63
Home Sales
Aside from a temporary drop at the beginning of the pandemic, existing home sales are at the lowest levels since 2010. The increased interest rates and low inventory are keeping some sellers out of the market.
Work From Home
The DC Metro area has the fifth highest number of employed residents who work from home, which is why demand for housing further out from the center (D.C.) has increased over the last few years.
THREE THINGS TO WATCH:

1. THE FED The market will welcome any signs that The Fed is finished hiking rates.
2. INFLATION DATA Favorable short term inflation readings will help to stabilize interest rates.
3. INVENTORY LEVELS An uptick in housing supply will help satisfy existing demand.
IF YOU HAVE ANY HERNDON REAL ESTATE QUESTIONS, PLEASE CALL ME.
(703) 403-2022

JUST HERNDON REAL ESTATE