The Loudoun County real estate market remained level through entering the 4th week of January. Active lisitngs reduced by 10, contracts increased by 42 and settled properties decreased by 10 over a thirty day period compared to the third week on January.
Forclosures and short sales still make up close to 21% of the market with 62 active foreclosures and 123 active short sales in Loudoun County. As banks have learned how to handle the short sale process better and are more open to the idea of a short sale, expect these numbers to decline towards the end of 2012 as recent numbers showed Virginia only has a 0-5 month supply of shadow inventory.
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For more information of the Loudoun County real estate market, contact me today at 540.454.1551 or email at eric@e4realty.com.
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