Good Start 2010 for Ashburn Virginia Homes for Sale Prices

Looks like coming out of the gate that the median sold prices are not only holding strong but rising in 2010. The inventory for Ashburn Virginia homes for sale MLS is dramatically lower than a year ago--see graph below. And this along with pent up demand is having a impact.

And no doubt seeing these numbers will affirm those in the marketplace right now.

Ashburn Virginia Real Estate Days on Market Plummets Showing Demand

The demand for Ashburn real estate is high so that homes for going under contract much faster than a year ago particularly in such as Brambleton Land Bay homes for sale in Ashburn.

What will happen to Ashburn Real Estate in 2010???

With 30% reductions in days on market coupled with higher prices one would think this bodes well for the Loudoun County real estate market. But there is this increase in interest rates is coming in the Spring according to "insiders". How will that impact home values. A 1% increase in interest rates can impact one's monthly payment for an Ashburn home by $100s /month. This can easily represent $50,000 of sales price for example of what one can afford.

So before getting too optimistic one might settle in that home values should stay flat rest of year due to strong demand and low inventories.