Time for a market absorption rate update for Ashburn, Leesburg, Hamilton, Purcellville, and Round Hill. Based on MRIS data from this morning, here are the current absorption rates for the towns and home types:
(Market absorption is the number of months it would take for the current inventory of homes to sell at the rate at [...]
Continue reading about Loudoun County Market Update for April 21, 2008
I’ve noticed a few items in the news recently regarding builders in Loudoun County, obviously feeling the effects of the slowdown. Wanted to share…please comment with anything you have noticed with regards to builders here and their reaction to the market climate!
First, KB Home announced that they are pulling out of the mid Atlantic region [...]
Continue reading about Builders Faltering, Pulling Back in Loudoun County
Took a quick peek to see what has been happening with listings and contracts around Loudoun County; based on today’s numbers, here is how it looks:
Ashburn:
Single Family Homes: 268 active, 43 under contract = 6.23 month absorption
Townhomes: 228 active, 82 under contract = 2.78 month absorption
All Listings: 563 active, 136 under contract = 4.14 month absorption
Leesburg:
Single [...]
Continue reading about Loudoun County Market Update, for March
Yesterday’s research on Ashburn townhomes and the high number of homes under contract got me poking deeper into the statistics. (It was a snow day, according to the school systems around here! I just enjoyed a day working from home! <smile>)
Here is what I found:
For Ashburn:
Townhomes, 210 active on the market, 75 under contract = [...]
Continue reading about Update: Homes Under Contract in Loudoun County
I was just visiting the town website for Round Hill, and found a link to a website that does a newsletter about town happenings and information. Thought it was full of great information, and wanted to get the word out about it. You can find it at:
http://www.newsaroundthehill.org/
It’s not fancy, but it is good! (And I [...]
Continue reading about Found a Great Site for Round Hill information
