LOUDOUN COUNTY REAL ESTATE MARKET DYNAMICS MAY 2015

2,211 residential homes were listed For Sale in our market. Only 621 homes sold during MAY.Thats a 3.6 month supply of homes if no other homes come on the market.1,112 additional homes came on the market, increasing inventory by 491 homes!

371 of those homes were priced $800,000 +. Only 43 of these homes sold during MAY.Thats an 8.6 month supply if no other homes come on the market.117 additional homes came on the market, increasing inventory by 74 homes.

580 of those homes were priced $600,000 - 799,999. Only 107 of these homes sold during MAY.Thats a 5.4 month supply if no others come on the market. 240 additional homes came on the market, increasing inventory by 133 homes.

642 of those homes were priced $400,000 - 599,999. Only 200 of these homes sold during MAY.Thats a 3.2 month supply if no others come on the market.345 additional homes came on the market, increasing inventory by 145 homes.

473 of these homes were priced $200,000 - $399,999. 230 of these homes sold during MAY.Thats a 2.1 month supply if no others come on the market.355 additional homes came on the market, increasing inventory by 125 homes.

Sales have increased 2% from APRIL to MAY 2015 while the sellers rush to market is slowing! If this trend continues and the buyer population is stable, the BUYER TO SELLER ratio may continue to increase which is great for an active real estate market. At the same time, more appraisal issues are arising limiting any surges or spikes in price. PRICE is the most critical factor in increasing property value and getting showings and sales. Heres the good news621 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!