2018 Q2 & Q3 Market Update

Dated: October 5 2018

Views: 104

  End of Summer Market Update


Each year the summer market in our area goes a bit crazy, everyone seems to go into a bit of a tizzy to get their home on the market and/or into their new home before school starts. As of the past few weeks, the market has started to cool off. Check out this video as Kim explains what's been seen and what it seems the housing trends are going to do. 

Main Points ::

  • Focused on Loudoun & Fairfax Counties
  • Sales prices have had a little bit of appreciation
    Ex: Gone from $500k to $520k
  • Average Days On Market: 30-45 days, selling faster than the national average of 3-6 months
  • Higher interest rates (around 4.5%) affecting affordability
  • Tons of growth in our areas 
  • Loudoun County expecting an influx of 60,000 homes needed in the next 20 years
  • Our market is STABLE
  • Any home priced below $500k tends to sell much faster 
  • Two of our specialties are in Market Updates and Downsizing, please visit our website at www.KimBarberGroup.com 

Click Here to visit our website for a FREE home value to see what buyers are paying for homes in your neighborhood!

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Kim Barber

Buyers Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment ....

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