Distressed Listings on the Decline
Comparing active listings in January to those in June 2011 by type we see that the total number of active listings increased by 32 percent. Over the same period, the actual number of listings for standard (non-distressed) sales also increased 44 percent. However, the number of bank-owned listings declined from January to June by 27 percent. Total short sale listings also declined by 16 percent.
In January, there were 216 active distressed listings for a 19 percent share of the total. With only 175 distressed listings on the market (11 percent of total active listings) in June, it appears that Loudoun County has made significant strides in working through its supply of distressed homes foretelling a stronger housing market in the months to come.