January Market Report for Sterling Virginia
Our January market report are typically lower in volume due to the holidays. Apart from the hangover of the holidays, we had seen a record breaking winter condition during January & Feb. of this year. Even when are barometer was going down , the city of Sterling in
Loudoun County Virginia has shown the strong Real Estate market.
Homes for sale: 383 ( up from 374 last month) Closed sales: 71 (down from 121 last month) Median sold price: $274,000 (up 18% from one year ago) Average days on market: 36 ( down from 39 days last month) An increasing number of investors and the shorting timeline for the first time home buyer credit have both contributed towards reducing the number of home of days in the market and an increase of 18% of the median sales price. This is just the beginning of the year, we are expecting to hold the ground strong in both Fairfax & Loudoun County area of Northern Virginia.
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