All about life and real estate in Loudoun County, Virginia
It's the beginning of July, which means the we are halfway through the year, and the busiest period of the year for home sales is waning. Here's how the real estate market looks for single family homes in Purcellville right now: Now that the first time homebuyer tax credit has ended, we should start to be able to discern the real health of … [Read more...]
Well, it certainly looks like we are moving back into a buyer's market again, at least in Western Loudoun County. The charts below show only single family home statistics, but clearly our inventory levels have risen steeply since the first time homebuyer tax credit ended in April. If you are a buyer in this market, there are basically twice as … [Read more...]
So what's been happening with the real estate market in Loudoun County since the tax credit expired April 30th? We saw a huge jump up in inventory right away...and now it appears to have calmed down a bit, and some of that inventory has been absorbed. If you would like to know how the market is doing in your neighborhood, just fill out this … [Read more...]
If you follow along with market statistics at my LoCo Market Stats blog, then you know that our real estate inventory levels in Loudoun County have been really low lately. It only makes sense that with little to choose from in the resale market, the builders are back with new construction homes to fill the gap. Pulte Homes is holding a … [Read more...]
I knew that the first time homebuyer tax credit (that expired April 30th) was having a significant affect on our real estate market in Loudoun County, but it's even more evident now by what has happened to inventory levels across the county since it ended. In the two weeks directly after, inventory basically doubled. Thankfully, that seems … [Read more...]
The last time I looked at inventory levels in LoCo was on May 4th, right after the first time homebuyer tax credit ended, and found the HUGE jump in homes available for sale. Looking at what has happened since then, it appears to have leveled off a bit (and absorbed a tiny amount of the condo/townhome inventory). Anyone that tells you they … [Read more...]
The rush is over...to take advantage of the first time homebuyer tax credit, you needed to be under contract to purchase by the end of last month. Since the Loudoun County real estate market got really busy starting at the beginning of the credit, I had a feeling that we'd see some dramatic changes once it was over. Pretty easy to see that … [Read more...]
Our anemic inventory of homes for sale in western Loudoun County is not so anemic, all of a sudden. Amazingly, the number of available homes has just about doubled across the towns in LoCo (eastern as well as western) in the last month. This coincides with the end of the first time homebuyer tax credit, which we know has driven demand here for … [Read more...]
Well, I've been really apprehensive of what our real estate market would look like in Loudoun County after the first time homebuyer tax credit expired. (which happened last Friday, so you can go ahead and exhale now) Look at what our inventory levels did in the last couple of weeks...a lot of homes on the market all of a sudden. And … [Read more...]
I've been looking at inventory numbers this week for all of Loudoun County, Leesburg, and western LoCo. Nowhere is the dropoff in available homes for sale more dramatic than in Ashburn. Take a look at this! (Keep in mind that the condo chart includes townhomes, too.) Wow. Do you think that first time homebuyer tax credit running out the … [Read more...]
