Posted

The first quarter numbers are in for Loudoun County home sales and they confirm the month over month gains we have been experiencing in the last few months. Sales volume is up 7.92% from 2015 1st quarter reported numbers. Ave sold price saw an increase of 1.33% up to $471,815, and the average days on the market dropped 6.17% to 76 days. Mortgage rates remain low with a 30 year mortgage rate at 3.65%. Leading real estate firms agree that housing market is strong and we should continue to see month over month gains as we enter into the summer months. As always real estate is local and you may see a variance from neighborhood to neighborhood.