Yes, the spring market is in full swing. Northern Virginia area has
seen a significant increase in level of activities. Most of my listings
have either got multiple offers or under contract prior to the weekend
ends. Apart from increasing in the activity volume we have seen an
increase in pricing. Below are the charts created based on the data from
our local MLS system.
Thanks to all the media publicity
recently Loudoun County was rated as number 1 richest county in the
country that did attract some more attention from investor in our area.
To add to above, the deadline to get the first time home buyer credit
($8000) or the repurchase credit ($6500), lower interest rates and low
unemployment in the area, has contribute to significant drop in the days
on the market (down to average time to sell a home).Yes, the spring market is in full swing. Northern Virginia area has seen a significant increase in level of activities. Most of my listings have either got multiple offers or under contract prior to the weekend ends. Apart from increasing in the activity volume we have seen an increase in pricing. Below are the charts created based on the data from our local MLS system.
Thanks to all the media publicity recently Loudoun County was rated as number 1 richest county in the country that did attract some more attention from investor in our area. To add to above, the deadline to get the first time home buyer credit ($8000) or the repurchase credit ($6500), lower interest rates and low unemployment in the area, has contribute to significant drop in the days on the market (down to average time to sell a home).
If you thinking of buying or selling your home in Northern Virginia team up with Ritu Desai & Samson Properties!
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