Here’s what’s going on in Loudoun and Fairfax Counties.
For active listings, Loudoun County is down 21% since April of last year and Fairfax is down 20%. The sales price in Loudon County is down 3%, but Fairfax County sales prices are up about 8%.
The days on market are very similar with Loudoun County averaging 35 days and Fairfax County averaging 37. New listings are down in Fairfax 3% and are down 7% in Loudoun.
“Both Loudoun County and Fairfax county are averaging around 36 days on the market.”
As far as the number of contracts go, Fairfax County is up 14% and Loudoun County is up 4%.
If you have any questions about this market update or if you have any questions about buying or selling a home, feel free to give me a call or send me an email. I look forward to hearing from you!