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.
Visit our Market Reports Library; there you’ll find Legacy Reports of Loudoun County housing statistics since 2000, including sales price by month.
We hope that you find this information useful. If you have any questions, please reach out to info@dullesarea.com.