I'm still am not seeing a shortage of inventory or opportunities to buy a home in Loudoun county VA. I suppose it could be low in some pockets here and there, but overall, there is plently of inventory available. Not all inventory is in the MLS. Builders have projects in the works that is not yet listed in MLS. Trulia, Zillow, and RealtyTrac, etc have bank owned homes advertised for sale that aren't yet in the MLS. FSBO sites have homes for sale not listed in the MLS if you want to work with FSBO's. Investors have homes listed for sale that aren't in the MLS. Every week I get an email from an investors with a properties he has for sale that aren't in the MLS. These properties are in Arlington, Fairfax, Loudoun, and Prince William counties, and Washington DC and Maryland. I see several homes that have been abandoned, and will soon join the foreclosure inventory. And as always, many under contract short sales will go to foreclosure while sellers, buyers, and agents are waiting for that elusive third party approval.
I do see several projects underway in varying stages of completion that indicates inventory will soon be increasing from new home builders. Combine that with foreclosure inventory that banks will start adding to the market, and soon there could be too much inventory, and market will stable and steady for several years in my opinion.
More New Townhomes Coming to Purcellville VA
Entrance to New Townhouse Development Just Starting in Purcellville VA
Need help finding a home to buy? Call Jeff Pearl.
Jeff Pearl / Lic in VA
Re/max Distinctive - Reston VA
703-727-4876
Homes / Land / Farms / Historic
www.jeffpearlhomes.com
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