June 2019 Loudoun Housing Market Report
Below is the Loudoun County Housing Market overview for June 2019. House prices continue to rise, with a 3.2% increase over May 2019. Inventory remains extremely low, with active listings down 10% from June 2018. With demand high and supply low, sellers are receiving offers close to asking price– 99.2% on average. With average days on market falling to 31, an astounding 3 weeks fewer than June 2018, buyers are increasingly making full-price or nearly full-price offers. It’s important for buyers to be ready to make speedy decisions and quick offers in order to be competitive.
With low supply and increased home prices, it’s a great time for sellers to put their properties on the market. With interest rates down again, it’s also a good time for buyers to jump on a property when they see one they like. If you are thinking of buying or selling, or if you are interested in the real estate market statistics of your specific town or neighborhood, please contact me. I’m always happy to chat about real estate!