Putting Loudoun’s Housing Market into Perspective

You've seen the latest Loudoun County housing supply and demand numbers and statistics, but without anything to comapare them to, it's hard to put the Loudoun County housing market into perspective. So that's what we're going to do right now…

To recap, Loudoun County has 3.8 months worth of supply on the market and sales were up almost 50 percent in February 2009 over February 2008.

Now let's take a look at some other counties/cities in Virginia…

Prince William County

• 5.22 months supply on the market
• Sales were up 34 percent in February 2009 over February 2008

Stafford County

• 7.38 months supply on the market
• Sales were up 33 percent in February 2009 versus February 2008

Spotsylvania County

• 10.23 months supply on the market
• Sales were up 24 percent in February 2009 versus February 2008

Fredericksburg City

• 13.08 months supply on the market
• Sales were down 8.3 percent in February 2009 versus February 2008

Orange County

• 16.65 months supply on the market
• Sales were down 18 percent in February 2009 versus February 2008

In addition, a recent article in the Wall Street Journal talks about how Northern Virginia's housing market - Loudoun, Fairfax, Arlington, Alexandria - is ahead of DC's and MD's housing market including when it comes to a housing recovery.

Imagine seeing homes sit on the market almost 2 to 4+ times as long as they are now and seeing demand (sales) and prices still decreasing rapidly?

Loudoun's housing market doesn't look too shabby when you put it into perspective, does it…

Thank you to Sarah Stelmok for the statistics on neighboring areas.