04/16/2013
Great news for our home sales in Loudoun County and a beautiful way to end the first quarter! The stars are all aligned and now is definitely the time to make the move if you are thinking of selling your home!
Double-digit increases in sales price, homes sold, and a 6.1% decline in new listing activity, combined to make Loudoun County, VA a strong seller’s market in the first quarter of 2013. Sellers received more of the original list price during the quarter than in any first quarter since 2006. The median DOM was down 12 days to 26 days. Townhomes led all housing segments with a median DOM of 16 days. Foreclosures and short sales continued to play a diminishing role in the active market, putting upward pressure on the median sales price, which gained 10.1% over Q1 2012. Condo properties led all segments in sales gains, while townhome properties saw the largest year-over-year gain in pricing. Way to go!