If you’ve been waiting for the perfect time to jump into the real estate market, the wait is over! We’re seeing the early signs of a spring market “springing” into action (like how we did that? 😉). In this weekly Loudoun County real estate market update, we’ll break down the numbers and tell you why it’s time to make your move.
Homes Sold Up 5%
The numbers don’tlie; we’ve seen a 5% increase in homes sold from lastweek. It’s a clear indication that buyers and sellers are eager to make their move. If you’ve been holding back, now might be the perfect time to list your home or find your dream property.
Active Listings Up 75%
The inventory is booming, with active listings up by a whopping 75%. It seems like everyone is tired of waiting for the “right time” to sell or buy. Well, here’s a hint – there’s never a “right time” unless it’s the right time for you. With so many options on the market, you’re sure to find something that suits your needs.
Homes Under Contract Up 14%
Buyers are done waiting, and they’re snapping up properties left and right. Homes under contract are up by 14%, showing a strong demand for housing in Loudoun County. If you want to secure your dream home, it’s time to act fast.
Median Days on Market Down 33%
In this competitive market, properties are flying off the shelves. The median days on the market have decreased by 33%, indicating that homes are selling quickly. If you’re a seller, this is great news. If you’re a buyer, it means you need to be decisive and move fast.
Median List to Close Price Ratio Is Flat at 100%
Sellers are pricing their properties right for this market, with a median list to close price ratio holding steady at 100%. This means that sellers are getting fair value for their homes, and buyers can expect transparency in pricing.
So, what does all this mean for you? It’s time to take advantage of the early spring market. Whether you’re looking to sell your current home or find your dream property, the opportunities are abundant.
Don’t wait any longer – the time is now. Reach out to your trusted real estate broker in Leesburg, Virginia (that’s us!) to explore your options. We’re here to help you navigate this bustling market and make the most of this fantastic opportunity.
Let’s make this spring the season of new beginnings and exciting real estate journeys. Get in touch with us today, and let’s start your real estate adventure!
To get a recap on the Loudoun County Real Estate Market click here —> 2023 Full Month Market Update for December.
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