Q2 2021: Market Indicators Report

Market update summary

Click here for the full Q2 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 second quarter of 2021, economic growth continued to expand both statewide and in the Dulles region. The unemployment rate is still falling, though the pace of job growth slowed a bit in May.
  • Consumer confidence is up strongly in the second quarter, reflecting optimism about the economy and pent-up consumer demand.
  • Mortgage rates have settled back to around 3% and likely will remain below 3.5% for the rest of the year.

Housing Market Conditions

  • There were 2,676 homes sold in Loudoun County during the second quarter, a 43% increase from last year.
  • Home prices are rising rapidly throughout the county. The second quarter median sales price was $635,000, which is 20% higher than a year ago, a gain of $105,000.
  • The supply of homes for sale in Loudoun County continues to shrink rapidly. There were just 389 active listings in the county at the end of the second quarter, 32% fewer listings than this time last year.

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