The message was loud and clear at the 2009 Loudoun Economic Summit hosted by the Dulles Association of Realtors this past week. According to John Mclain of George Mason University, the last time the average Sales Price in Northern Virginia was $323,000 as it was in November of 2008 was back in October 2003 (5.1 years ago) and in Loudoun County, the average sales price is $355,000 which was the average back in November of 2003 (exactly 5 years ago). That's good news for buyers today!
Northern Virginia
$323,000
Oct 2003
(5.1 Years)
Loudoun County
$355,000
Nov 2003
(5.0 Years)
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