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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Loudoun County

Market Conditions Summary for Loudoun County, Virginia

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA / MD
as of 7/1/2008:

you are currently in foreclosure, strongly consider selling your property as a backup plan. The object is to pay off all debt and expenses, walk away without a foreclosure or bankruptcy on your credit history and perhaps put a little cash in your... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA / MD

Reported by

Flo Nystrom
as of 6/25/2008:

The distinct shift from a seller's market to a buyer's market has been called by some to be "the year 2006, the year of the buyer". And, it continues into 2007 and 2008. But, perhaps it is now becoming a self-adjusting market, with an increased... MORE->
About Flo Nystrom

Reported by

Barbara Northam
as of 6/19/2008:

OK---It's shaping up that 2008 is the year wherein Loudoun continues to get a royal 'whacking' ....down, down, down on price and up on days on the market and seller concessions. Average Sold Price is DOWN to $408K ( it was $513K last year this... MORE->
About Barbara Northam

Reported by

Ron Fowler
as of 6/13/2008:

Inventory of active listings (single family + condos) decreased from 3574 at the end of April to 3486 at the end of May. Total sales increased from 423 to 511 units. The absorbtion rate or month's supply decreased from 6.45 to 6.82 months. Average... MORE->
About Ron Fowler

Reported by

Steve Hawkins
as of 5/16/2008:

Loudoun County is one of the fastest growing areas in the country, however, the market is a Buyer's Market.. During April 2008, 362 homes sold compared to 397 in April 2007. Average days on market in April 2008 was 111. Now is the time to buy your... MORE->
About Steve Hawkins

Reported by

Rhonda Bowers
as of 4/15/2008:

Welcome to Loudon County, part of the Commonwealth of Virginia! Attention Buyers: The advantage in home buying belongs to you right now! Recently more homes have been available in the market than there are buyers, making negotiating a... MORE->
About Rhonda Bowers

Reported by

Leslie Wilson
as of 4/1/2008:

Loudoun is experiencing an elevated supply of homes due to short sales, vacant foreclosure properties and the normal relocation of families due to job and lifestyle changes. The number of sales in Loudoun for all homes types in February 2008... MORE->
About Leslie Wilson

Average Current Market Rating: 1.6 (7 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.9 (7 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Loudoun County

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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