January Real Estate Market Update For Loudoun County

Dated: 02/16/2016

Views: 540


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 

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Melody Visser

Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Currently, she serves as a REALTOR at eXp Realty, LLC. As a life-long resident of Virginia, Melody has t....

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