November MRIS Report Shows Continued Stabilization in Loudoun County

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 16, 2009 -- Loudoun County, VA, December 16, 2009 – The November MRIS Local Updates Report for Loudoun County, Virginia shows an increase in closed and pending sales with decreases in average days on the market.

The trend towards stabilization in the housing market continues based on the most recent report from MRIS for the Loudoun County real estate market. According to the report, the following statistics are available:

Increases

•Closed Sales: for the month of November are up 10.6% from 359 to 397 compared to 2008 numbers.

•Pending Sales: Up 9.5% from 367 to 402.
•Median Sales Price: Up 1.9% from 318,925 to $325,000.

Decreases

•Average Days on Market Until Sale: Down 49% from 86 days in November last year to 44 this year.

Read the entire Loudoun County MRIS report here.

The expected trends towards market stabilization are continuing in Loudoun County with increases in the sales and decreases in days on the market. With the extended Homebuyer tax credit and enhancements to include existing homeowners, it is expected that these improvements will continue into 2010, laying the necessary groundwork for a complete rebuilding of our long-suffering housing market.

About EXIT Realty Talbot and Company Broker/Owner, Helena Talbot

Helena Talbot has been a licensed member of the Virginia real estate community since she earned her realtor license in 1979. By 1985 she had obtained her brokerage license. She is a current member of the National Association & Virginia Association of Realtors, the Northern Virginia Association of Realtors and the Dulles Area Association of Realtors. She has served as President, Director and Committee member of the Dulles Area Association of Realtors. She has been honored as Dulles Area Assoc of Realtors - Salesperson of the Year 2000 and Realtor of the Year 2003.

     Helena Talbot     housing market     Loudoun County     mris report findings     stabilization