Loudoun County housing market has been very strong this year. The May housing market report in the Loudoun area reflects strong market but the prices got a small adjustment. We all have learned our lesson from the past “If it gets too expensive home buyers in any area will start pulling back.”

From new construction to resale in the Eastern Loudoun county areas of Ashburn, Aldie, Leesburg, Sterling, Chantilly, Potomac Falls and Dulles area have seen a good balance of inventory and homes getting under contract in a short period. Multiple offers were not the case in most of the homes that got under contract. However, the buyers were snatching the homes that were priced right and in turn key condition.

Below is a snapshot of the housing market report in the Loudoun county area for month of May:

 

May2016_LoudounCountyRealEstateMarket

 

 

May2016_LoudounCountyRealEstateMarketFinancing

 

 

Ritu Desai is an Associate Broker with Samson Properties with over 12+ years and $90+ Million of real estate sales experience in residential real estate in the Fairfax and Loudoun county area of Northern Virginia area.


 

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