Loudoun County , Virgina Real Estate Market Report for April
April showers brings May flowers...but in Virginia it wasn't just about
rain shower it was a heavy pour in housing
real estate market . With a mad rush
to get the buyers under contract before tax credit expires anything and
everything was getting on and off the market. Hence our April numbers
indicate a very strong real estate market in Loudoun, Virgina.
The
data released by our local MLS, MRIS show 24.51% increase in volume of
transactions compared to last year this time. The increase in the
activity also helped in increasing the prices of the home & a
drastic drop in the number of days in the market by 47%.
Loudoun Real Estate
Market has a larger contribution on new construction, which was also
reported a big increase in the sale with the spring market.
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