$1Million Listings Just Aren't Selling in Loudoun County

If you have a house listed in Loudoun County over $1Million than you have some serious obstacles to overcome.  The chart below breaks down the absorption levels by price for Loudoun County Real Estate.

It is also interesting to note the low levels of inventory all the way up to $600,000.  This is because of the availability of loans up to $625,000 that are FHA insurable.  

Jumbo loans are very expensive and continue to be a market that has few participants.  

This will continue into the foreseeable future.  Bad for the sellers but good for buyers if you can afford it.  A house that could have sold for $1Million in 2006 can be bought for $650,000 today.