According to the Metropolitan Regional Information Systems, Inc., the statistics for February resale homes in Loudoun County were dismal. In the 20147 zip code of Ashburn, there was only 1 sale for the month of February for homes listed for $700,000 or more. There were 46 homes on the market in the 20147 zip code during that same time period. Obviously, 1 out of 47 are not good odds. Unfortunately, the 20165 zip code of Sterling/Potomac Falls was even worse if it is possible. During the month of February, there were no sales in homes listed over $700,000 and 19 homes listed for sale over $700,000 during that same time period. Hopefully, the increased FHA and conforming/Jumbo loan amount increases will help. I will keep you posted.
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