January Real Estate Market Update For Loudoun County

January Real Estate Market Update For Loudoun County


FROM DULLES AREA ASSOCIATION OF REALTORS | JANUARY 2016 REAL ESTATE REPORT


Report Highlights:


  • Loudoun County’s January median sales price of $439,000 was 7.1 percent higher than last year. 

  • Total sales volume across the county was nearly $158 million, up 17.7 percent from last January which had a little more than $134 million in dollar volume.

  • Closed sales increased 14.7 percent from last year, marking the 12th time in 13 months with sales gains. 

  • The number of new contracts in January fell by 4.6 percent, the first decline in 16 months and likely related to the late January snowstorm.

  • New listings were down 10.0% from last January, the most significant year-over-year decline since early 2013, also related to the bad weather.

  • For the seventh consecutive month, inventory at month’s end is lower than the same point last year. The 12.9 percent drop-off is the largest year-over-year decline recorded over that seven-month stretch.

  • Half the homes sold in January were on market 51 days or less, a nine-day improvement from last January’s median DOM of 60 days.


For Full Report 


Melody Visser Headshot
Author:
Phone: 703-785-8203
Dated: February 16th 2016
Views: 393
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

8 Easy Steps To Get Your Home Ready To Sell - 8 Easy Steps to Get Your Home&n
Interior Design Trends That Are Going Out Of Style - Interior Design Trends Tha
How To Keep Moving Simple By Prepping Your New Home - How to MakeMoving Simple By&nbs
5 Places To Inspect On A Monthly Basis - Our homes require regular maintenanc

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
571-350-8632