The Long & Foster Market Minute

Focus On: Loudoun County Housing Market March 2019

Units Sold
513
Active Inventory
870
Median Sale Price
$472,500
Days On Market
41
Down -10%
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 24%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 513 sold this month in Loudoun County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 215 units or 20%. The total number of active inventory this March was 870 compared to 1,085 in March 2018. This month's total of 870 is higher than the previous month's total supply of available inventory of 854, an increase of 2%.

Median Sale Price
Last March, the median sale price for Loudoun County Homes was $483,250. This March, the median sale price was $472,500, a decrease of 2% or $10,750 compared to last year. The current median sold price is 1% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
909
Current Contracts
718
Sold Vs. List Price
99.2%
Months of Supply
1.7
Down -16%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago

Months of Supply
In March, there was 1.7 months of supply available in Loudoun County, compared to 1.9 in March 2018. That is a decrease of 11% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 909 homes newly listed for sale in Loudoun County compared to 1,080 in March 2018, a decrease of 16%. There were 718 current contracts pending sale this March compared to 737 a year ago. The number of current contracts is 3% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Loudoun County was 99.2% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 33, an increase of 24%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.