DAAR’s Market Report Highlighted at 2021 State of the County Address
On May 26, 2021, Board of Supervisors Chair Phyllis Randall spoke to residents at the 2021 State of the County Address. During this address, updates were provided on Loudoun’s COVID-19 related efforts, the budget, unemployment rate, housing numbers, and many other matters that the county has faced in the last year.
In reference to housing efforts in Loudoun, Chair Randall highlighted The Dulles Area Association of REALTORS®’ March 2021 and Q1 2021 Reports and stated, “Loudoun only has a 12 day supply of housing stock.” According to the report, the county had 235 active listings in March, and an average of 12 days on the market. Chair Randall used this information to highlight the need for the county to continue its work in securing attainable housing.
Other updates from the address showcased the strides the community has made since being impacted by the COVID-19 pandemic. Some of these well-made strides include:
- 70% COVID-19 vaccination record among Loudoun County residents (the first county in the Commonwealth to achieve this milestone);
- $12 million was allocated from the Loudoun Business Interruption Fund to 2,000+ struggling businesses in the county.
- $100 million reserve that was proposed by the County Administrator;
- $650,000 allocation to emergency food assistance;
- ~ 3.9% unemployment rate (only 1% higher than the pre-COVID rate);
- $0.055 property tax decrease (first time the property tax rate has fallen below $1.00 since 2008).
For more information from the 2021 State of the County Address, please visit the county website.
For questions, reach out to DAAR’s Government Affairs Director.
May 27, 2021