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 to have leveled off now. I’m watching the statistics like a hawk to see where this market is heading. For now, I’m holding my breath.
(if you want to look at inventory on a county level, I just wrote about that here)