Today, let’s look at market statistics for Loudoun County as a whole. I think we are seeing some emerging trends here,as the statistics are holding true across both single family homes and condo/townhomes. Median price started trending up around the beginning of April, and continues to climb, while the inventory of homes started to drop at the same time. It looks like the condo/townhome market is seeing the most action, with less available inventory. The days on market charts are more specific to home type, though, with condos and townhomes selling much faster, and days on market dropping like a rock for them. Single family homes, on the other hand, are just now starting to see the market uptick reflecting in the days on market, which has dropped significantly since June 1st.
I’ll be looking at the same statistics broken down by town and zip code over the next few days, so make sure you stop by Ashburn Market Stats and Leesburg Market Stats to get the scoop on what the market is doing in those towns.
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