Loudoun County homeowners will be shocked when the latest Loudoun County assessed home values are published to discover how much they exceed their current market value.

Negligible sales volume means an absence of significant comparables data. Although the limited sales show a distinct, steeply declining market, this market poses a challenging dilemma for county government when trying to assess property values. In the meantime, real estate values continue to plummet and show no sign of recovery any time soon. Supply has far outstripped demand and very few homes are selling, even after continual price reductions.

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