Buyers rejoice – the Loudoun County market is softening.
All signs point that direction but a few to note:
▫️Number of listings and sales are down
▫️List and sold prices are down
▫️List-to-sale ratio is down (people aren’t getting much above list anymore)
▫️Days on market is slightly up
There are still certain neighborhoods and certain price points (interestingly, $900k-$1M+) that are getting a ton of competition. But for the most part, buyers have a little bit more breathing room than they were seeing earlier this year.
So what does this mean for sellers?
#1 – Price correctly. Now is not the time to overshoot the market, or to price way under and expect multiple offers.
#2 – Make sure your home is show-ready. Take a little extra time to make touch-ups and do staging so you maintain your home’s value.
Curious to know what homes in your neighborhood (or dream neighborhood) are selling for today? Shoot me an email – palmer@palmerharned.com
