LOUDOUN COUNTY REAL ESTATE MARKET DYNAMICS JUNE 2015

2,213 residential homes were listed For Sale in our market. Only 758 homes sold during JUNE.Thats a 2.9 month supply of homes if no other homes come on the market.917 additional homes came on the market, increasing inventory by 159 homes!

387 of those homes were priced $800,000 +. Only 46 of these homes sold during JUNE.Thats an 8.4 month supply if no other homes come on the market.96 additional homes came on the market, increasing inventory by 50 homes.

603 of those homes were priced $600,000 - 799,999. Only 140 of these homes sold during JUNE.Thats a 4.3 month supply if no others come on the market. 209 additional homes came on the market, increasing inventory by 69 homes.

672 of those homes were priced $400,000 - 599,999. Only 281 of these homes sold during JUNE.Thats a 2.4 month supply if no others come on the market.291 additional homes came on the market, increasing inventory by 10 homes.

503 of these homes were priced $200,000 - $399,999. 271 of these homes sold during JUNE.Thats a 1.9 month supply if no others come on the market.292 additional homes came on the market, increasing inventory by 21 homes.

Homes $600,000 and below are selling! Overall from MAY to JUNE 2015, sales have increased 22% while the sellers rush to market continues to slow; new listings coming on the market are down 16%. Total inventory decreased a modest 0.3%, while days on market decreased to 44 days indicating a strong JUNE 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 news758 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!