Loudoun Real Estate Blog

It has been a busy summer in the real estate market in Loudoun County, Virginia. According to NVAR, in July, 2009 pending and sold transactions for single family detached homes has remained relatively stable while the inventory available is at the lowest point it has been all year, 1369 homes. Obviously, fewer homes on the market should been better prices for sellers. According the NVAR, the average days on market has decreased since February 2009. In July, 2009 the average days on market for single-family detached homes in Loudoun County was 73 days down from over 125 days in February. Could it be the market in Loudoun County is recovering? I would recommend that buyers take advantage quickly of the lower prices and low interest rates.