April 2022: Market Indicators Report
Click here for the full April 2022 Loudoun County Market Indicators Report for the Dulles Area Association of REALTORS® by Virginia REALTORS®.
Key Market Trends
The Loudoun County housing market continues to moderate, all local areas had fewer sales than last April.
There were 646 homes sold in Loudoun County in April. This is 246 fewer sales than there were a year ago, representing a sharp 27.6% drop. Last April there was record-breaking sales activity in the county, much stronger than a typical April, so it is somewhat expected that sales activity would be lower than last year. The sharpest slowdown this month was in Aldie zip code 20105 (-43.0%), Lovettsville zip code 20180 (-38.9%), and Ashburn zip code 20147 (-35.7%).
Pending sales cool from last year, signaling continued market moderation.
There were 728 pending sales in Loudoun County in April, 138 fewer pending sales than last year, which is a 15.9% decline. Most local markets in the county had fewer pending sales this month. The largest decrease was in Lovettsville zip code 20180 (-65.0%), Sterling zip code 20165 (-34.5%), and Leesburg zip code 20176 (-27.0%). There was an increase in pending sales in Purcellville zip code 20132 (+25.0%) and Aldie zip code 20105 (+17.2%).
Massive price growth continues throughout the Loudoun County market.
At $720,000, the April median sales price in the county soared $110,000 higher than a year ago, which is an 18.0% price jump. This is the second largest increase to the median price the county’s housing market has had in seven years. Prices rose in all local markets. The strongest median price growth this month was in Lovettsville zip code 20180 (+42.1%) and Sterling zip code 20164 (+26.8%).
Supply continues to increase, but overall inventory remains low.
There were 370 active listings in Loudoun County at the end of April, 93 more listings than a year ago, which is a 33.6% increase in the supply. This is the second straight month of inventory gains in the county and could signal a changing pattern.
Data Note: The housing market data for all jurisdictions in Virginia was re-benchmarked in November 2021. Please note that Market Indicator Reports released prior to November 2021 were produced using the prior data vintage and may not tie to reports that use the current data set for some metrics. We recommend using the current reports for historical comparative analysis.