I knew that the first time homebuyer tax credit (that expired April 30th) was having a significant affect on our real estate market in Loudoun County, but it’s even more evident now by what has happened to inventory levels across the county since it ended. In the two weeks directly after, inventory basically doubled. Thankfully, [...]
Well, I had hoped to see some more homes coming on the market for the spring, and there were some, for just a little while….looks like they all went under contract as we near the end of the first time homebuyer tax credit. (Keep in mind the condo chart includes townhomes, too.) Not a whole [...]
Continue reading about Spring Inventory? Dropping Like a Rock..
If you are thinking about selling or buying this spring, it’s always helpful to know either how much you have to pick from (and where the listings are) or what listings you will compete with for buyer attention. The charts below give you an idea about where in Leesburg the listings are concentrated right now, [...]
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 [...]
Dramatic graphs, huh? Doesn’t take a rocket scientist to see what the trends are for single family homes in Leesburg… Inventory is still contracting, while median price has risen from a low of around $607,000 in April to the current $640,943. I’m watching to see what happens after November 30 and the first time homebuyer [...]
Continue reading about No Surprises Here, Prices Up, Inventory Down…
Things are still cooking in Leesburg this summer! Looking across both the 20175 and 20176 zip codes we can see that the pace of homes going under contract (homes absorbed) is keeping up or exceeding the number of new listings (newly listed)…no wonder the inventory level is still so low! Days on market is shorter [...]
Sometimes when I am looking at different statistical reports, I see something that slaps me across the face as a significant difference. I got a bruise looking at the Leesburg reports this week, when I broke down price by zip code. Holy cow, what a difference betweeen 20175 and 20176! Single Family Home Median Price [...]
Here’s the update for Leesburg, keeping in mind that the ‘condo’ report covers townhomes and condos… Frames not supportedFrames not supported Not too much change from the last update, days on market and median/average pricing seems to be pretty steady. A little bit of a jump up in new listings in the single family market, [...]
Here’s the update for this week, keep in mind that the ‘condo’ report encompasses all non-single family home properties, including condos and townhomes. Frames not supported Frames not supported So, what we see for single family homes is a big disparity between median and average list price…there must be some higher priced properties hanging around [...]
