Northern Virginia Housing Market Continues To Experience Heathy Growth

The housing market is still enjoying healthy growth from 2012- especially in the Northern Virginia area, where the real estate community is seeing both home sales and home prices trending upwards.

According to an article in LoudounTimes.com, the Dulles Area Association of Realtors showed in its January 2013 report that overall home sales in Northern Virginia had risen 10.7% from January of last year. Townhomes sales saw a more pronounced increase, with a 26.2% rise from the same period in 2012.

Not only are homes selling in greater volume but they are also selling at a greater rate, which has contributed to the lower inventory levels being seen in the area. The median home stayed on the market for 33 days before selling, which is 11 days less than the 10-year average, and is helping to increase home prices. In addition, nearly half of town homes listed sold within 20 days or less.

With lower inventory levels and rising prices, new homes for sale are becoming even more desirable for prospective home buyers in the Loudoun County area. The good news is that the new mixed-use community of One Loudoun offers new home buyers a variety of choices of innovative home designs featuring single-family homes for sale by Camberley Homes and Miller & Smith, as well as new townhomes for sale by NVHomes and Miller & Smith. All new homes are exclusively designed for the new walkable community of One Loudoun in Ashburn, VA and are set amongst ample open spaces that are integrated with where you can work, shop, dine and socialize all within a balanced lifestyle unlike any other place in Loudoun County.

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