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
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.
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