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| JULY 2024 | |||
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| Units Sold 511 |
Active Inventory 587 |
Median Sale Price $750,000 |
Days On Market 16 |
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| Up 20% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 33% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 511 sold this month in Loudoun County Real Estate versus 521 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 20% versus July 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 46 units or 9%. The total number of active inventory this July was 587 compared to 541 in July 2023. This month's total of 587 is lower than the previous month's total supply of available inventory of 665, a decrease of 12%. |
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Median Sale Price
Last July, the median sale price for Loudoun County Homes was $710,000. This July, the median sale price was approximately the same at $750,000. The current median sold price is 6% higher than in July 2023. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 517 |
Current Contracts 483 |
Sold Vs. List Price 101.0% |
Months of Supply 1.1 |
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| No Change Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Down -9% Vs. Year Ago |
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Months of Supply
In July, there was 1.1 months of supply available in Loudoun County, compared to 1.3 in July 2023. That is a decrease of 10% 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. |
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New Listings & Current Contracts
This month there were 517 homes newly listed for sale in Loudoun County, which is similar to the amount in July 2023. There were 483 current contracts pending sale this July, consistent with the volume a year ago. The number of current contracts is 6% lower than last month. |
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Sale Price to List Price Ratio
In July, the average sale price in Loudoun County was 101.0% 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 16, higher than the average last year, which was 12, an increase of 33%. | |||
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| *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. | |||
 Information 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. |
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