Georgetown real estate is for the most part not an "entry-level" neighborhood. Thus we are dependent in many instances on the lower priced properties to sell, so those owners can move up to higher priced properties. The good news right now is that first-time homebuyers, and investors have become much more active, and as a result the inventory of unsold properties has diminished. This is driven by an improving job market, lower house prices, continuing low interest rates and the tax credit for first-time buyers.
As that market improves, our Georgetown market will experience a surge. It may be a slow, deliberate "surge", but it will improve our outlook.