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Fairfax, Loudoun County Virginia -Residential Real Estate Market Blog

Keep yourself up to date with the Northern Virginia Real Estate market and other local Northern Virginia information. Have a question or thinking about buying or selling home call Ritu Desai at Samson Properties at 703-625-4949 or email me at Info@eNOVAHomes.com.

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  • Northern Virginia -Fairfax, Loudoun, Alexandria, Arlington & Prince William Blog, real estate Market condition written by Ritu Desai at Samson Properties.
Don't Guess-Here are the Facts about Northern Virginia Loudoun County Oct. 2011 Real Estate Market Report

Fall market is always full of surprises in the Northern Virginia Real Estate roller coaster market. While Sept 2011 we have big headlines" " DC Metro Sold Price Highest in September 2011 in four Years". On the other hand Oct. 2011 has shown weakness in the housing market.

Analyst analyzes blame reduction in the FHA loan limit as one of the major reason that that affected the housing slow down in Oct. 2011. As a Loudoun County Realtor I know after the school reopens housing market tends to slow down and the effects are clearly reflected in the Fall and winter market. Loudoun County resale market does have a tougher competitor its new construction. Builders are offering great incentives to attract buyers especially first time home buyers and mid size single family homes.

On a positive note the average sold price and median sold price for both detached & attached style home (not including garage or parking spaces) are both on the green zone. If you speak to a buyer in the Loudoun County market they will share their frustration, about how frustrating it is to wait for good homes to get on the market while the stale inventory does not appeal them. Active inventory for Loudoun County is below year to date.

So million dollar questions.....what are we heading towards???

Last month I did a historic data analysis of the Northern Virginia Real Estate market for past 10 year in Fairfax County area. Read it and look through your crystal all on ARE YOU READY TO TAKE ON THE OPPORTUNITY?

As a Fairfax & Loudoun County Realtor with Samson Properties my take is we still have all the positive economic condition in the Northern Virginia Region that will influence the purchasing power of the Fairfax County buyers and sellers in both short and long run. Whether you want to wait on the fence and see what happens to the market OR take the opportunity of lower interest rate and still raising housing market. My advise to my buyers are why wait for the crazy spring market when you can take steal the deal today!




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Associate Broker
EcoBroker, ABR, ePRO
Samson Properties

Direct - 703-625-4949
Email - info@eNOVAHomes.com
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