The Loudoun County real estate market is looking up! Yes, folks...that's correct. Loudoun County's 2nd quarter 2008 real estate market statistics show a vast improvement over 2nd Qtr 2007. And the first half of 2008 statistics show a vast improvement over the first half of 2007 (post coming soon).
New Listings (supply)
- The number of new listings that came on the market in the 2nd Qtr of '07 - 3013
- The number of new listings that came on the market in the 2nd Qtr of '08 - 2546
- That's a decrease of 11 percent
Homes Sold (demand)
- The number of homes that sold* during the 2nd Qtr of '07 - 2644
- The number of homes that sold* during the 2nd Qtr of '08 - 2845
- That's an increase of 8 percent
As you can see, inventory is down and demand is up. And to add to the good news, the inventory/supply level of homes in Loudoun County is well below the national average. The Loudoun County real estate market has continued to look up as the year has progressed with clear signs of strengthening throughout.
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