Loudoun Real Estate Blog

Looking at the Loudoun County average sales price of homes monthly since 1996, a few interesting things stand out to me. First of all, the average sales price of homes in Loudoun County has steadily risen since 1996 at a rate of 4%-7% every year. In 2004 and 2005, the average sales price of homes increased dramatically. At the end of 2007, the average sales price in Loudoun County is down to about where it was in the middle to end of 2004. Furthermore, if the average sales price had continued at the appreciate rate prior to 2004, average prices would be about where they are now.  The increased foreclosures and short sales doesn’t help but could it be that the “pricing adjustment” is almost over?

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Tags: Average Home Prices, Loudoun County, Pricing Adjustment

This entry was posted on Sunday, January 27th, 2008 at 8:19 pm and is filed under Housing Statistics, Loudoun County Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.