Eastern Loudoun County Housing Supply By Zip Code
March 31, 2009 by Danilo Bogdanovic
Filed under Statistics
Here's a breakdown of the amount of housing supply in Eastern Loudoun County by zip code:
20152 - 3.8 month's supply
20148 – 3.9 month's supply
20147 – 2.6 month's supply
20166 – 3.3 month's supply
20165 – 1.9 month's supply
20164 – 1.7 month's supply
20176 – 4.8 month's supply
20175 – 4.0 month's supply
What do these "month's supply" numbers mean? The general rule of thumb is,
- more than 6 month's supply = buyer's market
- 4 to 6 month's supply = balanced/equal market
- less than 4 month's supply = seller's market
Sellers, don't get too excited – regardless of how little inventory there is on the market, you must price your property correctly or it will sit on the market collecting "Days On Market" and dust (more about this coming up in a post soon).
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