Loudoun County Home Sale Stats
Home sales are out for last month.
The housing trend always begins to decline a bit this time of year because of the transition in priorities for families. Nevertheless, it appears sales have held steady thanks to low prices and interest rates.
*Highlights*
1. Days on market are continuing to decline. This is a good sign since the majority of homes are in dealings with banks. It appears that bank processing systems for short sales are improving.
2. For the last FIVE months the amount of homes coming on the market have been in a steady decline. Less supply is always good.
3. There are less pending sales this month and a major drop from August. I would propose to you that this number has a level of manipulation behind it. As I have mentioned in a previous articles that this number has increased as listings agents have once again began leaving homes active in the MLS instead of placing them under a contract status while they await a bank response. This number therefore cannot be trusted.
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