Has Loudoun County Residential Real Estate Market Improved in May 2010?

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Real Estate Agent with Samson Properties VA0225077251

Its been over 30 days since the tax credit has expired, buyers & investor are speculating as always what will happen next? Where will market go? Few feel market has slow down or we call it cooling period, few think its summer market so less number of buyers in the market, other feel market is still strong because the are out bid by multiple contracts. What ever future holds May month residential real market report for Loudoun County is as strong as month with the credit. The days on the market continues to decline, plenty of buyers are now looking to negotiate the tax credit price in the sales price. Low inventory and a huge dip in the interest rate also contributed to increase in housing activity.

Below are the statistic release by MRIS our local MLS for year to date for the month of May and second one I have compiled into a pie chart showing the number of days to sell homes in Loudoun County.









Source: RealEstate Business Intelligence, LLC. An MRIS company. All Rights Reserved.
Copyright 2010 - Information deemed reliable, but is not guaranteed.

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Virginia Loudoun County
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Ritu Desai

Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949
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