The shrinking inventory of homes for sale continues to play a major role in the Northern Virginia housing market. As per RBI/MLS, the total inventory of active listings is the lowest of any month since August 2005 in the DC metro area. The limited quantity of homes for sale is causing the median days-on market to decrease (from 45 days to 43 days), and the sale-to-list price ratio to rise (by 5.22% compared to July 2011). Multiple offers are fairly common situation in the Loudoun County area.
Here is the snapshot of the housing market in the Loudoun county which includes :
Now the spring and summer market has passed us and the school are about to reopen will the strong housing market in the Northern Virginia area of Fairfax, Loudoun and Prince William continue?