There’s certainly been no shortage of good news coming from the DC area housing market! Earlier this year, the Washington Post continued the stream of positive real estate readings and reported a strong start to 2015!
In the article, the Washington Post reported steady gains in pricing, inventory and sales for most of the DC Metro area housing market in the month of January. According to RealEstate Business Intelligence (RBI), a subsidiary of Metropolitan Regional information Systems, Inc. (MRIS), pending sales increased 6.2% over January the previous year, while closed sales rose 4.5% during the same time period. Additionally in this time frame, both median sales price and inventory rose by 4.1% and 17.9% respectively.
However the good news doesn’t stop there. Earlier this March, the Washington Post once again reported on the gains in the housing market – this time covering the month of February. In the region, February’s active inventory rose 16.6% when compared to the same month last year. The growing number of beautiful new homes available will no doubt attract even more qualified buyers to the DC Metro area.
In fact, “many buyers are already out looking at homes so they can lock in a mortgage at low interest rates,” notes a local real estate professional Nina Chen Landes. “Inventory in Northern Virginia is still high, but it’s beginning to be absorbed because buyers are eager to beat an interest rate increase.”
Here at One Loudoun, we are so thrilled to find more and more homebuyers finding their dream homes in Northern Virginia – especially when that perfect home is in the One Loudoun community!
Our single-family homes by both Miller & Smith and Camberley Homes present the ideal opportunity for young professionals and growing families alike. Expertly designed with spacious rooms and intuitive floorplans, these exceptional home models offer plenty of room to grow in a thriving community.
And, the One Loudoun community itself also offers countless benefits for homeowners and their families. With an abundance of green space, community events on the Downtown Plaza, a growing list of shops and restaurants, and miles of paved walkways to get from here to there, One Loudoun is the exemplary mixed-use community!
So why wait? Take advantage of the positive housing market momentum in Northern Virginia and make the One Loudoun community your new home in 2015!
Source: The Washington Post