LoCo Home Prices Level Out

We are creeping toward July and the end of the spring/summer market. How is median home price holding up for Loudoun County? Looking first at single family homes, after the huge spike up in March and April, we have settled back down in the $550,000 range again; just slightly lower than where we were at this point in 2009, but up a bit from the beginning of 2010. The second chart covers both condo and townhome median price…we cab see the same jump up in March and April, but the adjustment down in May dropped us to a level that is still about $20,000 higher than where we were in July 2009. Keep in mind that these statistics are a county-wide snapshot, for statistics on specific towns, visit my other sites: Leesburg Market Stats, Ashburn Market Stats, or Western LoCo Market Stats. If you would like a neighborhood specific market report emailed to you, just click on Market Value at the top of the page.

Cheers,
Heather



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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.



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