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 

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.