The document summarizes real estate market dynamics in Loudoun County for February 2015. It reports that 1,622 homes were listed for sale, but only 326 homes sold during the month. This resulted in a 5 month supply if no new listings came on the market. It also notes that monthly home sales increased 14.4% from January to February 2015, while inventory increased by 5.5%, decreasing the monthly supply slightly. However, additional homes came on the market up 39% or more in specific price ranges, indicating sellers are beginning to flood the market. The document advises sellers to price their homes competitively to increase showings and sales.
Original Description:
Various Statistics from February 2015 for the real estate market in Loudon, VA.
The document summarizes real estate market dynamics in Loudoun County for February 2015. It reports that 1,622 homes were listed for sale, but only 326 homes sold during the month. This resulted in a 5 month supply if no new listings came on the market. It also notes that monthly home sales increased 14.4% from January to February 2015, while inventory increased by 5.5%, decreasing the monthly supply slightly. However, additional homes came on the market up 39% or more in specific price ranges, indicating sellers are beginning to flood the market. The document advises sellers to price their homes competitively to increase showings and sales.
The document summarizes real estate market dynamics in Loudoun County for February 2015. It reports that 1,622 homes were listed for sale, but only 326 homes sold during the month. This resulted in a 5 month supply if no new listings came on the market. It also notes that monthly home sales increased 14.4% from January to February 2015, while inventory increased by 5.5%, decreasing the monthly supply slightly. However, additional homes came on the market up 39% or more in specific price ranges, indicating sellers are beginning to flood the market. The document advises sellers to price their homes competitively to increase showings and sales.