Q1 2021: Market Indicators Report

 

Click here for the full Q1 2021 Loudoun County Market Indicators Report for the Dulles Area Association of REALTORS® by Virginia REALTORS®. 

Click here to download supporting graphics.

Key Market Takeaways

Economic Conditions

  • In the first quarter of 2021, the pace of economic growth both statewide and in Loudoun County have slowed somewhat. However, consumer spending and job growth likely will accelerate this spring.
  • Consumers’ confidence about present and future economic conditions improved in March.
  • Mortgage rates ticked up slightly in the first quarter of 2021, although it is likely that rates will stabilize and remain low for the rest of 2021.

Housing Market Conditions

  • Sales activity continues to expand in the Loudon County housing market. There were 1,490 sales in the county during the first quarter, up 22% from a year ago.
  • The first quarter median sales price in Loudoun County was $575,000, which is 12% higher than last year, a gain of more than $62,000.
  • The inventory of homes available remains tight in the county. There were 235 active listings at the end of the first quarter in Loudoun County, falling 67% from this time last year.

 

 

 

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