Looking to buy or sell in Loudoun & Fairfax counties this spring?
Interest rates have gone up since the election in November and this is putting pressure on buyer's budgets. As rates go up, the cost of purchasing a home goes up which puts pressure on buyer's budgets. If you are thinking about purchasing in the near future, now is the time to do it before your budget is affected even more by the rising interest rates. This is good for sellers as it creates pressure to buy now but as rates continue to rise, seller's will start to feel the effects in pricing as purchasing power goes down.
Inventory in both Loudoun & Fairfax counties is 30 - 35% less than the same time last year which is putting upward pressure on the pricing which is great for sellers. In Fairfax, the average single family home price has gone up from $691,000 to $733,000. Single family homes are more popular in Fairfax as well. In Loudoun County, the average single family home has gone from $583,000 to $603,000. Condo and Townhome prices have raised as well. Townhomes are still the hottest item in the market!
Give us a call today at 703-338-0872 if you are thinking about buying or selling a home, now is the time!
Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment ....
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of
property listing data between licensed real estate brokerage firms in which
participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal,
non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: October 14, 2019 2:25 PM
Some properties which appear for sale on this website may no longer be available
because they are under contract, have Closed or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.