April 2017 Loudoun County Real Estate Market Update

April 2017 Loudoun County Real Estate Market Update

March 2017 Loudoun County Market Trends Report: Sales and Contract Activity Rise while New Listings Lag; Inventory Continues to Tighten

Prepared for the Dulles Area Association of REALTORS® by the Center for Regional Analysis at George Mason University based on analysis of MRIS multiple listing data from MarketStats by ShowingTime.


Report Highlights:


• Active inventory continues to decline and at the end of March was 18 percent lower than the same point last year. This left 1,263 homes for sale at the end of the month, with 2.3 months of supply headed into April. 

• Demand is rising as closed sales are up 42.6 percent from last month, and 8.8 percent over March 2016. This is the largest number of March sales since 2006. New contract activity reached its highest March total since 2006 at 782 new pending sales.

• New listing activity decreased relative to last year; 1,144 homes were added to the market in March, down 2 percent from March 2016.  This signals no reprieve from the current tight inventory in the coming months.

• Loudoun County homes continue to sell significantly faster than last year, with half of the March sales being listed for 8 days or less, down 71 percent from March 2016’s total of 28. This is the lowest median number of days on market in over a decade.

• Loudoun County’s median sales price decreased slightly in March, declining 1.1 percent on an annualized basis to $435,000. 

• Loudoun County home sellers received on average 98.2 percent of original list price in March.

• Condos saw the highest number of new listings, and new pending sales in over a decade.  

For more info click here...

 Image title

Melody Visser Headshot
Phone: 703-785-8203
Dated: April 17th 2017
Views: 113
About Melody: Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Curren...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

April 2017 Loudoun County Real Estate Market Update - March 2017 Loudoun County Market
Millionaire To Millennials Buy Now - Click this link to see more 
Video Market Update Feb 2017 - February 2017 Loudoun County
One Loudoun Upper West Luxury Living - Today I toured the interactive

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Virginia
43723 Lees Mill Square
Leesburg, VA