Yesterday I posted on LoCo Market Stats about how median price in Loudoun hadn’t dipped in the summer as I expected. From the chart above (black line is single family homes, orange is combined condo/townhome stats) you can see that pricing has stayed relatively steady, after squeaking upward slightly toward the end of the first time homebuyer tax credit. I thought I’d take a closer look at the towns in Western Loudoun County to see if they followed this trend line too:
As you can see, with a little fluctuation, they have as well. If anything, single family home prices have *risen* slightly in western Loudoun since the spring. The black line for median price of condos and townhomes shows a bit more movement, but that’s because the number of non-single family homes sold in any of these towns are not enough, statistically speaking, to really show a trend.
So if the first time homebuyer tax credit was propping up our market, shouldn’t prices have tanked a bit after it was over?
Questions about your particular neighborhood’s trend or your home’s value? Please ask, it’s what I’m here for.