Housing Market Update – Winter 2018

Housing Market Update – Winter 2018

Spring is often thought to be the best time to sell homes, but its not too early to start considering your strategy for the current market. The supply of available housing is very low making the time ripe to sell your home quickly. The homes which are on the market now are seeing high volumes of buyer traffic due to the low inventory.  Historically, the market starts to pick up at the beginning of the year.

We could see a very favorable start to the new year based on the housing statistics in Loudoun County last year.  The average home price in Loudoun rose to $506,051 which is a 4.62% increase from 2016.  In addition the average days on market decreased by a whopping -21.57% to only 40 days on market.  This is fantastic news for sellers!  Contact me for a complete list of homes sales similar to your home and a free market analysis.

For buyers, the mortgage rates are still historically low making it a good time to buy your first home or to move up.  I’ll be happy to send you available properties as soon as they become available as well as updates to homes currently on the market.  Contact me for your free list.

Feel free to contact me for any of your real estate needs or questions.  You are under no obligation. I am happy to help you! You can reach me at 703-963-7407 or via email at SonjaAdams@kw.com

Sonja Adams
50 Catoctin Circle, NE
Leesburg, VA 20176
703-963-7407