Weekly Market Activity Report: Loudoun's Market Continues to Spring Up

The MRIS region seems to be bouncing back up as Spring sets in. For the week ending February 27, there was a 33.3 percent jump of signed purchase agreements from a year ago.

New listings have also jumped this week compared to last, but still hang 1.2 percent lower than the same week last year.

Sales up + listings down = A drop in home inventory. The number of homes currently on the market is the lowest since 2006!

Here a few other interesting trends:

• The number of active listings for sale are up compared to 2003.
• Market time has severely decreased from last year - down 30.2%.
  
• The percent of original list price received at sale is up a whopping 3.9% from last year.
  

Click here for the complete MRIS Weekly Market Activity Report.

Helena Talbot
Broker/Owner
Exit Realty Talbot and Company 

Phone: 703-574-3800

Email: Helena@mris.com
www.loudouncountyonline.com

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