Northern Virginia Loudoun County Housing Market

Northern Virginia Loudoun County Housing Market

• 1.
  Focus On: LoudounCounty Housing Market December 2010 Units Sold Active Inventory Median Sale Price Days On Market 381 1,364 $355,000 50 700 2,500 450,000 80 600 400,000 70 2,000 350,000 60 500 300,000 50 400 1,500 250,000 40 300 200,000 1,000 30 150,000 200 20 500 100,000 100 50,000 10 0 0 0 0 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 Down -17% Down -11% Up 1% Up 35% Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Units Sold* Sold Detached Sold Attached Sold Condo/ Coop 350 Units Sold 300 There was an increase in total units sold in December, with 250 381 sold this month in Loudoun County versus 368 last month, an increase of 4%. This month's total units sold was 200 lower than at this time last year, a decrease of 17% versus 150 December 2009. The current month's total is lower than the twelve month average of 410. 100 50 0 Active Inventory* Active Detached Active Attached Active Condo/ Coop 2,500 2,000 1,500 Active Inventory Versus last year, the total number of homes available this 1,000 month is lower by 174 units or 11%. The total number of 500 active inventory this December was 1,364 compared to 1,538 in December 2009. This month's total of 1,364 is lower than 0 the previous month's total supply of available inventory of 1,636, a decrease of 17%. Median Sale Price 400,000 Median Sale Price 350,000 Last December, the median sale price in Loudoun County was 300,000 Dec-09 Dec-10 $352,000. This December, the median sale price was $352,000 $355,000 $355,000, an increase of 1% or $3,000 compared to last year. 250,000 200,000 The current median sold price is 4% lower than in November. 150,000 100,000 50,000 Median sale price is the middle sale price in a given month. The same number 0 of properties are above & below the median. *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.
• 2.
  Focus On: LoudounCounty Housing Market December 2010 New Listings Current Contracts Sold Vs. List Price Months of Supply 369 374 98.3% 3.6 1,200 700 100% 10 1,000 600 99% 500 800 400 98% 600 5 300 97% 400 200 200 96% 100 0 0 95% 0 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 Down -11% Up 17% Down -0.6% Up 7% Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Months Of Supply 8 Months of Supply 6.8 6.3 7 6.1 In December, there was 3.6 months of supply available in 5.8 5.3 5.2 5.1 6 5.0 Loudoun County, compared to 3.3 in December 2009. That is 4.8 4.7 4.5 4.5 4.1 4.1 5 an increase of 7% versus a year ago. 3.9 3.8 3.7 3.7 3.6 3.6 3.4 3.4 3.3 3.3 3.3 4 3 2 Months of supply is calculated by dividing current inventory by current sales. It 1 indicates how many months would be needed to sell all of the inventory available at the current rate of demand. 0 New Listings & Current Contracts Number of New Listings Total Pending 1,200 1,000 New Listings & Current Contracts 800 This month there were 369 homes newly listed for sale in 600 Loudoun County compared to 416 in December 2009, a decrease of 11%. There were 374 current contracts pending 400 sale this December compared to 319 a year ago. The number 200 of current contracts is 2% higher than last month. 0 Sale Price/ List Price & DOM Avg Sale / Avg List Average DOM 100% 80 99% 70 Sale Price to List Price Ratio 99% 60 In December, the average sale price in Loudoun County was 98% 50 98.3% percent of the average list price, which is 0.6% lower 98% 40 than at this time last year. 97% 30 97% 96% 20 10 Days On Market 96% 0 This month, the average number of days on market was 50, higher than the average last year, which was 37, an increase of 35%. *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.