·
I bring statistics to my posts here at LoCoMusings on a fairly regular basis, but today I want to bring you my personal experience. We’ve heard about the housing crisis in the media, at a fever pitch, for the last year. (Anyone who watched the Ice Age movies? “Doom on you! Doom on you!”). Really,…
·
Time for a market absorption rate update for Ashburn, Leesburg, Hamilton, Purcellville, and Round Hill. Based on data from our multiple listing service this morning, here are the current absorption rates for the towns and home types: (Market absorption is the number of months it would take for the current inventory of homes to sell…
·
Took a quick peek to see what has been happening with listings and contracts around Loudoun County; based on today’s numbers, here is how it looks: Ashburn: Single Family Homes: 268 active, 43 under contract = 6.23 month absorption Townhomes: 228 active, 82 under contract = 2.78 month absorption All Listings: 563 active, 136 under contract…