Home prices are up, the Chamber of Commerecie is holding its fourth annual Virtual Realty Tour, and a meeting will be held about housing and community development. That's some of the latest news from Loudoun County, according to the Loudoun Independent.

The County Chamber will hold their annual Virtual Realty Tour to highlight major existing and approved real estate projects in Loudoun County. Residents can find more information on the Chamber's website.

Residents and local nonprofits are also encouraged to take part in a hearing on housing and community development needs. The county must solicit comments to qualify for certain federal grants to provide decent housing, establish and maintain suitable living environments and expand economic opportunities for Loudoun’s low- and moderate-income families.

And, home prices increased last month. Great news and opportunities for Loudoun homeowners.

"Home prices in Loudoun crept up last month.

According to a new report prepared for the Dulles Area Association of Realtors, the county’s median sale price last month of $340,000 was up 6 percent from the same month in 2008.

Also, according to the same report, homes that sold in September were on the market on average for 61 days, down 6 percent from August and 37 percent from September 2008.

Finally, the number of homes on the market in Loudoun continues to remain low. Last month, the county had just a 3.8-months supply of homes for sale. That’s down 43 percent from the year before. In January 2008, Loudoun’s supply stretched to nearly 14 months. Last month, Sterling’s 20164 Zip code area had the smallest inventory in the county, with a supply of 1.7 months."

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