Jun

Rollercoaster Inventory: Going Up

Well, it certainly looks like we are moving back into a buyer’s market again, at least in Western Loudoun County. The charts below show only single family home statistics, but clearly our inventory levels have risen steeply since the first time homebuyer tax credit ended in April. If you are a buyer in this market, there are basically twice as many homes to choose from than what was available to you only two months ago. It may take a little while for this inventory to be absorbed, especially if we start seeing more foreclosed homes hitting the market.