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LOUDOUN COUNTY
REAL ESTATE MARKET DYNAMICS AUGUST 2015
2,139 residential homes were listed For Sale in our market.
Only 561 homes sold during AUGUST.
Thats a 3.8 month supply of homes if no other homes come on the market.
818 additional homes came on the market, increasing inventory by 270 homes!
371 of those homes were priced $800,000 +.
Only 24 of these homes sold during AUGUST.
Thats an 15.5 month supply if no other homes come on the market.
67 additional homes came on the market, increasing inventory by 43 homes.
570 of those homes were priced $600,000 - 799,999.
Only 95 of these homes sold during AUGUST.
Thats a 6.0 month supply if no others come on the market.
181 additional homes came on the market, increasing inventory by 86 homes.
668 of those homes were priced $400,000 - 599,999.
Only 203 of these homes sold during AUGUST.
Thats a 3.3 month supply if no others come on the market.
295 additional homes came on the market, increasing inventory by 92 homes.
486 of these homes were priced $200,000 - $399,999.
208 of these homes sold during AUGUST.
Thats a 2.3 month supply if no others come on the market.
257 additional homes came on the market, increasing inventory by 49 homes.
The market is consolidating, the supply of inventory is in balance to the demand for homes.
Overall from JULY to AUGUST 2015, new listings coming on the market are down 19%
while sales have decreased 16%. Homes $600,000 and below are still selling with a consistent
3 month or less supply of inventory! Were finding that PRICE is the most critical factor in
increasing property value and getting showings and sales. Heres the good news561 homes
are selling each month. Yours can be $OLD if youre willing to price competitively and expose
it to the Brokerage community where 98% of all homes are $OLD each year! Call me today
and lets get yours $OLD!