The housing market is forecasted to finish the year with growing strength....
The housing market is forecasted to finish the year with growing strength. Here are some of our local stats in Loudoun County currently. The graphic below is a more board numbers of the nation as a whole with forecast to finish out the year.
Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise. Today's rate is 2.99% and forecasted to stay low!
In Loudoun County active listings are down 50% form the 1st quarter last year with average days on market at 18.
While there were fewer sales transactions, home prices continue to rise in the County. At $530,000, the 2nd quarter median sales price in Loudoun County rose 5% from last year.
1 months worth of inventory in Loudoun County
For a complete report check out DAAR's latest update HERE