Median sales prices in Loudoun County rose 9.4% compared to last year to $476,000
The above is the headline coming out of the March market in Loudoun County - a 9.4% sales price growth from last year. To get an overall flavor of the Loudoun and Northern Virginia market, please click on the below link to read the report directly. The real estate market is very competitive at this moment meaning that if you are considering selling your home - it definitely is a great time for you to get top dollar. And if you are in the market to purchase a home, you need to be very competitive with your offers to purchase a home.
The good thing is that myself and my team are here to help and make sure you have a successful transaction whether buying or selling!
Some Fast Facts from Loudoun County March 2018 Report:
There was a 9% increase in closed transactions when compared to last year along with a 9.4% increase in median sales price growing to $476,000.
Loudoun County homes continued to sell faster than last year, with half of the March sales listing for 7 days or less and with median days of market of 12 days.
Homeowners received on average 98.7% of their listing price on homes sold
Single Family Homes average sales price rose 2.9% ($630,000), Townhomes average sales price rose 7.5% ($430,000), and Condo average sales prices rose 11.1% ($306,500).