Loudoun's House Party; County Leads the Region in Homes' Resale Price Rise
Loudoun County, the Washington region's fastest-growing county, also received a second distinction last year: It was the hottest market for home sales.</br></br>The average resale price of Loudoun County homes rose by 6.4 percent in 1998, the biggest gain within the region, according to the Metropolitan Regional Information Systems Inc. (new-home sales aren't included).</br></br>Population growth and rising home values typically go hand in hand in a suburban community like Loudoun County, the newest center of technology industry expansion in the Washington region.</br></br>But the runner-up to the hottest market title may surprise you. That's right, the District of Columbia.</br></br>The average resale price for District homes rose 4.9 percent last year, ahead of Prince William County (4.2 percent), Northern Virginia (3.6 percent), Montgomery County (3.2 percent), Frederick County (2.7 percent), Charles County (1.3 percent) and Prince George's County (0.8 percent).