This week in real estate news brought an announcement from the National Association of Realtors that pending home sales were up nationally for the second month in a row. The Virginia Association of Realtor’s latest batch of numbers showed that the median home price had increased 7.8% from the prior quarter. Wow, rising prices, uptick [...]
Continue reading about Media Catching on to Market Change? Nope.
The most recent market report looked at a current inventory of 1403 homes in Loudoun County. For single family homes, the median price was $548,700, while for condos and townhomes the median price was $256,026. As you can see from the chart below, inventory has remained low for single family homes, especially in Sterling. Median [...]
Here are the latest real estate inventory statistics for LoCo…Looks like Sterling took a breather last week after that huge jump in contracts (and coinciding dip in inventory) the week before. Meanwhile, Ashburn saw a bit of action last week, both in the condo/townhome segment as well as the single family home market. Leesburg and [...]
Here are some charts that compare market behavior for Sterling, Ashburn, Leesburg, and Purcellville. The ‘Condo’ charts include townhomes and condos, and the other charts are single family homes only. First, let’s take a look at the median price for condos and townhomes…looks like Leesburg and Ashburn are holding steady, with a slight dip in [...]
Continue reading about Inventory and Median Price Across LoCo
Here’s the most up to date market statistics, broken down by town for Loudoun County. Keep in mind that the ‘condo’ report includes all townhome and condo properties, just not single family homes. Days on market are shorter in the eastern part of the county, but inventory levels remain quite low everywhere! Frames not supportedFrames [...]
