No Signs on Your Street?

Well, it’s no secret that inventory levels are down in northern Virginia and Loudoun County. We have the first time homebuyer tax credit to thank for that. (Sales volume jumped up sharply when that credit was announced.)  I know I’ve noticed fewer for sale signs in Leesburg as I am out and about, so I thought I’d break it down for you by home type and zip code. The numbers are through the week ending November 27th.

When compared to the inventory levels at the beginning of the year, the 20176 zip has seen a more dramatic drop off.  Even with a slight uptick for condos and townhomes in the last week, there are still very few to pick from.  (These charts include short sale listings as well as traditional sales.)  In 20175, the difference is not as big, but is still less than where we started the year.  I’m guessing that with the extention of the homebuyer tax credit (which now allows  some current homeowners to qualify for a credit if they purchase) we will continue to see low inventory until that runs out.

Questions on what this means for your home value, or your home buying plans? Just ask. Or call or text me at 571-308-3580. It’s what I’m here for.

Cheers,

Heather

Tags: inventory