Here is a quick little snapshot of the housing market in 3rd Quarter for Loudoun County. No surprise that home prices are up 8% from this time last year and that the average days on market is 19 days.
Mortgage rates remained at historically low levels throughout the 3rd quarter and rates will likely remain low well into 2021. So, it is still a great time to purchase a home. It may be a little less competitive in the colder weather months, but you may also have less inventory to choose from.
As always, reach out if you would like to know how our local market impacts you and how I can help you achieve your goals in 2021 and beyond.