Plenty to Choose From Now!

Our anemic inventory of homes for sale in western Loudoun County is not so anemic, all of a sudden. Amazingly, the number of available homes has just about doubled across the towns in LoCo (eastern as well as western) in the last month. This coincides with the end of the first time homebuyer tax credit, which we know has driven demand here for the last year. I’m wondering if this inventory will be gobbled up by folks shopping for a home that didn’t qualify for the credit (and thus weren’t pressed to get under contract by the end of last month). I know I have several buyers I’ve been working with that have had scant homes to pick from up until the last few weeks.  We will of course need to see how this plays out over the rest of the spring market to know just how much of an affect that tax credit had, and to be able to judge what to expect from our real estate market here as summer ends.

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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