Real Estate Market Analysis: Is Now the Time to Buy or Sell in Loudoun County, Frederick County, VA, & Jefferson County, WV?

Loudoun County, VA-is now the time to buy or sell?

Round Hill, Va is Hot! A 39.1% average sales price increase. The towns in red are seeing a decrease in sales price with Hamilton and Lovettsville among the highest decrease in average sales price.

Are sales cooling off? Are people waiting to buy after the election? Is 6% interest rate the new norm? Lots of questions and only time will give us the answer.

All in all the Average Sold Price in Loudoun increased over last September's Sales. Average days on the market is 22 days. Loudoun, I think we are returning to a more NORMAL MARKET!

Jefferson County, WV- Is now the time to buy or sell?

Jefferson County, WV, also known as "Little Loudoun" to me! First time Home buyers, baby boomers downsizing and many other reasons to move to WV. The 340 corridor has dirt being moved from one end of the county all the way to the Clarke County border. I was told that over 4200 homes were approved to be built this year. Major home builders like Lennar, Horton, DRB, Maronda, Stanley Martin and many more have broke ground. Prices are going up in all these areas. In my opinion Ranson's average sale is down due to 2 Bedroom townhomes that are being sold in the 200's.

If you are looking to buy in Jefferson & Berkeley, WV, the time to invest in these counties is now. Wild, Wonderful West Virginia has a lot to offer!

Jefferson County's average sold price is up over last September and over last month. The Average Days on the Market have increased to 61 days.

The new construction is adding a lot of inventory. This is good news! Hopefully, all the competition will hold prices steady allowing for affordability.

Frederick County, VA- Is now the time to buy or sell?

Frederick County, VA is staying steady. I believe the decrease in average sale price in White Post & Middletown is because more affordable homes are selling. Looking at Frederick County, VA as a whole, average sales are up 3.2% over September 2023. I believe average sales price is evening out in the whole county.

In Frederick County, VA average sold price increased 8.6% since September 2023 and 4.1% over last month. Average days on the market is 28 days. In September 2024 35.2% more homes sold then September 2023.

In conclusion, new builds are helping with inventory in all three counties. New construction is helping with the national shortage. The new norm for average interest rate seems to be 6%. Everyone needs to adjust to the norm. Lawrence Yun stated in a recent LinkedIn post, more jobs means more real estate demand. Homebuying will also increase. He does not see a recession in the near future.http://www.linkedin.com/in/lawerence-yun-592a76146/

Now is the time to buy or sell!