Below you’ll find 3 charts showing yout he seasonal activity trends in real estate in the Loudoun County market.
WHEN DO MOST LISTINGS HIT THE MARKET?
The chart below shows the 5 year history of “listing” cycles (reflecting the number of NEW listings for each month).
The “typical pattern” is when the highest number of new listings hitting the market is usually in the early spring (March/April) and summer months, with new listings tapering off through the summer and the lowest number of new listings in December.
WHAT ARE THE MONTHS WITH THE HIGHEST BUYER ACTIVITY LEVELS?
The chart below shows the number of new contracts. You can clearly see that buyers in this area are typically more active in March through May, and December is typically our slowest month of the year.
**The late summer and early fall of 2013 saw a loss of potential buyers due to (1) continuing decline of inventory for several months in a row; (2) the threat of rising interest rates; (3) October’s “Government Shutdown”. So long as overall economic conditions are maintained, that pattern should correct itself quickly.
HOW DO THESE PATTERNS IMPACT AVAILABILITY?
Despite the high level of buyer activity in the spring and fall, this chart shows that (since the market began to normalize around the end of 2009), the inventory is typically higher in the late spring and summer. For sellers, this means you have more competition! For buyers, this means you have more choices! By the time late fall comes, the number of active listings has slipped again and inventory becomes scarce.
**As explained above, the mentioned factors have resulted in an unanticipated increase in inventory in the fall of 2013, making it a great time for savvy buyers to be shopping.
*Please note, all charts on this page are updated on or about the 10th of each month as new statistics are available from our local multiple listing service. So please check back for the most current information.
Interested in learning more? Check out this resource reflecting historical and current information on Real Estate Pricing Trends in Loudoun County.
You can also learn more about the regional market by checking out the page on Northern Virginia Regional Real Estate Market Stats which also contains information that is updated monthly.
When you’re looking for a REALTOR that knows the market,
you can trust Vicky Chrisner.
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