Thinking about Selling Your Loudoun Home in 2016?

Ian Bush
Published on January 18, 2016

Thinking about Selling Your Loudoun Home in 2016?

Pin

In 2016, we as Realtors believe that this will be a good year to sell your home, even more than last. We believe this because of a combination of factors including:

Interest Rates

This year, interest rates are expected to rise on mortgages as the Federal Reserve takes steps to keep the economy from overheating. In December of 2015, we saw the first increase, and while it didn’t have a huge impact on mortgage rates, it did drive some activity as many buyers “came off the fence” and started looking in January. We expect this increased buyer participation to affect sales and move the “needle” slightly in favor of buyers.

Still Low Inventory (No Change From 2015)

Last year, a common measure of available homes for sale, or inventory was hovering in the 2-4 month range, which is less than a “healthy balanced market” of 6 months, which will cause prices to rise. In the case of townhomes and condominiums, the inventory number is so low, it has become a seller’s market!

Elections in 2016

Elections are happening this year, and with the increased uncertainty with the coming year, we will likely see buyers who are looking for some “certainty with their housing situation.” I have heard these exact words from buyers and I expect to hear it more in the spring.

Thus far, we have seen a lot more movement in the market than we have in previous years, and it is for that reason that we are suggesting that sellers seriously consider putting their house on the market for sale in 2016.

Start with Preparation and Staging


Check Out the Competition

Bluemont Homes
Hamilton Homes
Lovettsville Homes
Leesburg Homes
Middleburg Homes
Purcellville Homes
Round Hill Homes


Contact Us for a Free Home E-Valuation

Pin
Thinking about Selling Your Loudoun Home in 2016?
Please use a valid email.
Please fill in all fields.
view now