LOUDOUN COUNTY REAL ESTATE MARKET DYNAMICS APRIL 2015

2,168 residential homes were listed For Sale in our market. Only 570 homes sold during APRIL.Thats a 3.8 month supply of homes if no other homes come on the market.1,288 additional homes came on the market, increasing inventory by 718 homes!

352 of those homes were priced $800,000 +. Only 26 of these homes sold during APRIL.Thats an 13.5 month supply if no other homes come on the market.133 additional homes came on the market, increasing inventory by 107 homes.

584 of those homes were priced $600,000 - 799,999. Only 92 of these homes sold during APRIL.Thats a 6.3 month supply if no others come on the market. 319 additional homes came on the market, increasing inventory by 227 homes.

694 of those homes were priced $400,000 - 599,999. Only 196 of these homes sold during APRIL.Thats a 3.5 month supply if no others come on the market.427 additional homes came on the market, increasing inventory by 231 homes.

491 of these homes were priced $200,000 - $399,999. 237 of these homes sold during APRIL.Thats a 2 month supply if no others come on the market.377 additional homes came on the market, increasing inventory by 140 homes.

Inventory has dramatically increased 18% from MARCH to APRIL 2015 while the monthly supply of homes remains relatively steady for a sales price of $800,000 and under! Sellers continue to flood the market with 19% increase of additional homes coming on the market; as a result, the market is beginning to soften. Buyers are telling us that PRICE is the most critical factor in increasing property value and getting showings and sales. Heres the good news570 homes are selling each month. Yours can be $OLD if youre willing to price competitively and expose it to the Brokerage community where 93% of all homes are $OLD each year! Call me today and lets get yours $OLD!