December 2021: Market Indicators Report
Click here for the full December 2021 Loudoun County Market Indicators Report for the Dulles Area Association of REALTORS® by Virginia REALTORS®.
Note: Townhome data definitions in the report have been changed to where all townhomes are now reflected in the “Townhome & Condo” data.
Key Market Trends
Sales activity continues to moderate in the Loudoun County housing market.
There were 546 sales in the county in December, 114 fewer sales than a year ago, which is a 17.3% decrease. Sales have been slowing down five out of the last six months in Loudoun County. There were a couple local markets that had sales growth, notably Purcellville zip code 20132 (+47.6%). The sharpest drop in sales this month occurred in Aldie zip code 20105 (-55.1%) and Leesburg zip code 20176 (-31.7%).
For the seventh straight month, there were fewer pending sales in Loudoun County.
There were 315 pending sales across the county in December, a 26.6% decline from last year, which is 114 fewer pending sales. Pending sales also declined from November’s level (-32.5%), but this is a typical seasonal change. Leesburg zip code 20175 had the largest drop in pending sales, down 37.2% from last December. Chantilly zip code 20152 also had a large drop, with 34.3% fewer pending sales than a year ago.
Despite slower sales, prices are surging in Loudoun County, double-digit gains in most local markets.
At $625,000, the December median sales price was up 15.3% compared to a year ago, which is an $82,750 jump. All local markets had significant price growth this month. The largest price gains in December were in Aldie zip code 20105 (+38.6%), Leesburg zip code 20175 (+31.6%), and Purcellville zip code 20132 (+30.1%).
Inventory shortage is getting worse, drop in active listings and new listings.
There were just 196 active listings in Loudoun County at the end of December, 16 fewer listings than a year ago, which is a 7.5% reduction. There were 387 new listings in the county in December, 66 fewer than last year, which is a 14.6% decrease. This is the fifth straight month of fewer new listings as the supply in the county tightens.
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