Well, That’s Not Right…

I keep checking inventory levels hoping to see more homes available on the market in Loudoun County. It’s nearly April, the grass is turning green, the bunny rabbits have already snuck in and eaten my crocuses (croci?)…so where are the homes to sell?!? The charts below show inventory levels first for single family homes, and then for condos/townhomes combined. While we are at similar levels to where we were at this point last year, levels aren’t increasing, yet. (And please pardon the obvious blip in data from June through August last year. We did, in fact, have inventory then) 😉

At this point I would think we would see an upswing in available homes, coming into the busiest season of the year for real estate. But so far, we aren’t seeing it. For the last 30 days in Loudoun County, we had 759 new listings come on market, while 509 homes went under contract. That means we have only 250 additional homes to pick from over where we were a month ago.  (The month prior, those numbers were 504 new listings and 379 contracts, so the market is getting busier).

If you are thinking about listing your home for sale and want information that is specific to your home, please click here to receive an emailed market report. If you are buying this spring, please give me an opportunity to help guide you through the process, because it looks like you will be in competition with other buyers while shopping this year.

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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