Market Stats for March 2010

2010 Loudoun County Monthly Sales Statistics
Month	Residential Units Sold	Average Sales Price	Median Price	Average Days on Market	Active Listings	New Listings This Month	New Pendings This Month	Average S/P as a Percentage of L/P
January	247	$382,668	$322,500	70	1914	569	413	93.27%
February	238	$369,482	$340,000	52	1944	518	433	95.86%
March	409	$388,649	$368,000	65	2184	898	639	93.92%
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Metropolitan Regional Information Systems, Inc.   ::    Last Updated on 2/10/2010

SPIKE IN SALE PRICES!!

I've been saying for several months that we have been seeing a very steady real estate market in Loudoun County. Now here it is... finally, for the first time since 2005, March 2010 year to date median sales prices are HIGHER than they were in March 2009!
Read the full article from DAAR here:

DAAR - Member Services - Loudoun Market Watch: Median Sales Prices and Sales Spike

Contact me if you'd like to set up a time to talk more about the real estate market!!

Carmelle Shea

TAX CREDIT EXTENSION-Signed, Sealed and Delivered!

President Obama has signed the bill to extend the $8000tax credit to first time home buyers. He has also extended the bill give a tax credit to homeowners who want to buy. Looking at it from a local real estate market point of view, this is going to further enhance our currently stable market. There is little inventory on the market and MANY buyers. If you are thinking of selling, this is the time.