Loudoun Real Estate Inventory Levels Well Below National Average

Loudoun County's real estate inventory/supply levels are currently well below the national average of 10.9 months. Loudoun currently has 2400 active homes for sale. The number of homes that sell (go under contract) each month is averaging 427 so far this year. This puts the supply of homes in Loudoun County at 5.6 months meaning that it would take that long to go through the existing supply of unsold homes.

Note: More than a 6 months supply is considered a "buyer's market" and less than 5 months is considered a "seller's market".

So why the huge difference in market conditions?

Because Loudoun County and the DC metro area are typically about 6 to 9 months ahead of the rest of the US when it comes to real estate market conditions. So when you read headlines about the US real estate market in general, remember that we've probably already "been there and done that".

For more information about the Loudoun County, VA real estate market, check out http://www.LoudounScene.com.