Loudoun County July Absorption Rate- Buyers Market?
Is now the time to buy or sale?
How is the Loudoun County real estate market really doing?
These are both great questions that consumers and sellers are asking much more than they were months back. I want to help you decide by showing you a stat called ABSORPTION RATES… which is how long in the current market it would take to sell all of the homes if the pace of buying activity continued as is.
- April- 44.25 weeks
- May- 35.71 weeks
- June- 24.88 weeks
- July- 19.05 weeks for the market to absorb the current inventory.
Friend that is less than 5 months! The National Association of Realtors and most economist agree that 6 months or more of inventory is a buyers market. Do with that what you will, but I would encourage you this…
“If you can buy now- DO IT. If you can sell now and want to move.. DO IT.”
Loudoun County is not doing too bad.
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Loudoun County Housing Stats- Another Great Month
These stats do not include condos. They are deemed accurate but should be verified for accuracy. The July stats were taken only up to the 23rd of July.
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