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  • Northern Virginia -Fairfax, Loudoun, Alexandria, Arlington & Prince William Blog, real estate Market condition written by Ritu Desai at Samson Properties
Loudoun County/Northern Virginia Real Estate Market Report -Jan 2012

While the headlines about DC metro has shocked many but it is a true fact "DC Metro Closes 2011 with Lowest Inventory Level since August 2005".

The same fact goes about Northern Virginia real estate market. We have seen a deep decline in the inventory of homes compared to last month or a year ago. Some factors may be due to moratorium on foreclosure by the banks during holidays, decreased in  short sale listings and/or typically holiday  housing market.

Loudoun County housing market is a blend of new construction and resale homes in the area. 

Downward trend: Number of days is bit on the upwards scale that means it takes bit longer to get the home under contract/sold compared to last year. Average sold price, total sales Dollar value has reduced bit compared to year ago.

Positive Signs: Attached homes average sales price was in positive side. New listings is low which reflects low inventory.

Future: January has opened on a sluggish note, we expect the housing trend to be very positive and strong by the time it hits the peak in spring market.

 

 

 

Northern Virginia Real Estate market report includes :Alexandria City, Arlington County,Fairfax City,Fairfax County,Falls Church City,Fauquier County,Loudoun County,Manassas City,Manassas Park City and Prince William County.


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Posted: Wednesday, January 11, 2012 1:15 PM by Ritu Desai

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