Loudoun County Housing Market Data

There was an increase in total units sold in April, with 510 sold this month in Loudoun County Real Estate versus 489 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus April 2012.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 488 units or 28%. The total number of active inventory this April was 1,228 compared to 1,716 in April 2012. This month's total of 1,228 is higher than the previous month's total supply of available inventory of 1,208, an increase of 2%.

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Last April, the median sale price for Loudoun County Homes was $380,000. This April, the median sale price was $408,250, an increase of 7% or $28,250 compared to last year. The current median sold price is 1% higher than in March.

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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In April, there was 2.4 months of supply available in Loudoun County, compared to 3.7 in April 2012. That is a decrease of 35% 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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This month there were 938 homes newly listed for sale in Loudoun County compared to 853 in April 2012, an increase of 10%. There were 737 current contracts pending sale this April compared to 603 a year ago. The number of current contracts is 22% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Loudoun County was 99.0% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 30, lower than the average last year, which was 56, a decrease of 46%.

Click here to compare the days on market of this area against other locations.




Focus On: Loudoun County Housing Market			April 2013
Units Sold 510	Active Inventory 1,228	Median Sale Price $408,250	Days On Market 30

Up 10% Vs. Year Ago	Down -28% Vs. Year Ago	Up 7% Vs. Year Ago	Down -46% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 510 sold this month in Loudoun County Real Estate versus 489 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 10% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 488 units or 28%. The total number of active inventory this April was 1,228 compared to 1,716 in April 2012. This month's total of 1,228 is higher than the previous month's total supply of available inventory of 1,208, an increase of 2%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Loudoun County Homes was $380,000. This April, the median sale price was $408,250, an increase of 7% or $28,250 compared to last year. The current median sold price is 1% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 938	Current Contracts 737	Sold Vs. List Price 99.0%	Months of Supply 2.4

Up 10% Vs. Year Ago	Up 22% Vs. Year Ago	No Change Vs. Year Ago	Down -35% Vs. Year Ago

iCharts		Months of Supply In April, there was 2.4 months of supply available in Loudoun County, compared to 3.7 in April 2012. That is a decrease of 35% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 938 homes newly listed for sale in Loudoun County compared to 853 in April 2012, an increase of 10%. There were 737 current contracts pending sale this April compared to 603 a year ago. The number of current contracts is 22% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Loudoun County was 99.0% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 30, lower than the average last year, which was 56, a decrease of 46%. Click here to compare the days on market of this area against other locations.		iCharts



*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.