Loudoun real estate sale comparison statistics for May 2008. Are you interested in how many home sales in Loudoun Virginia in May of 2008 and how it compares to the same time frame in previous years? So am I, and I use these statistics everyday to determine what is happening in the Loudoun real estate market. Statistics are placed out to the public they are often only a snapshot of a bigger picture, and purely spin to motivate you to buy or sell. Those types of statistics are deceptive in the sense they are so limited in their nature that they do not give you any understanding of the events. One grain of sand on the beach does not show you that over the course of several years the beach is eroding at an alarming rate. Like you, I like to understand the big picture, and only then can I make informed decisions. The bigger picture is always more important because you can see the developing trends, and dismiss the anomalies. If you can see the bigger picture in sales, you can advise, plan and strategize!
Below is a simple Loudoun home sales chart designed from MRIS data available to allow a look at monthly and yearly trends. I made a comparison of Loudoun home sales of the month of May 2008 to May 2007, 2006, and 2005. In this case one picture is worth a 1000 words. Our Loudoun real estate market is off by over 36.04% from the peak of homes sales in May of 2005.
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