January 2019 Loudoun Housing Market Report
Below is the Loudoun County Housing Market overview for January 2019. House prices rose 10% over this time last year! Continued low inventory levels drove the price increase, making it the highest median January sales price in over a decade. With demand high and supply low, sellers are receiving offers close to asking price and average time on market declined to 67 days.
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 and stable 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!