The current inventory of homes for sale in Loudoun County sits at 1471 as of today. This is almost 1000 less than the same time last year when levels were around 2400. This represents a drawdown in inventory levels of about 38% in the past 12 months. This bodes well for prices going forward.
The real estate market in Loudoun County is stronger than almost every market in America when you look at inventory levels and current supply. In December 360 homes went under contract. That means we currently have a 4 month supply of homes on the market. Depending on which source you read, national levels are almost 12 months of supply.
Also, prices here are holding up relatively well in most zip codes. Homes in Indianapolis, Cleveland and Detroit are selling for as little as $3000. In our area there are only a few areas that have homes below $100,000.