About 4s ranch, I tracked few REO homes including the one in 16571, manassas st. 4 of those REO homes went pending very fast at their list price.It seems banks had priced those homes very realistically to sell quickly.

I hope this impacts other resale or REO homes in 4s that are now very listed at un-resonably high prices. As long as sellers are in denial and are un-aware of the market conditions, stale inventory won’t clear.