🏘️Loudoun County Market Update🏘️
💥September housing surge; sales activity in Loudoun County continues to increase, largest gain of any month in more than 6 years. There were 811 sales in Loudoun County in September, jumping 39.3% from last year.
💥Pending sales are on the rise; busy fall market underway. Following a slow spring, buyers have been more active in the Loudoun housing market since June. There were 732 pending sales in September, a 37.3% increase from last year.
💥At $550,000, the September median sales price in Loudoun County increased 9.5% from a year ago.
💥Inventory levels continue to plummet; new listings on the rise, but not enough alleviate the supply shortage.
💥At the end of September, the inventory of active listings in Loudoun County was less than half the level it was a year ago (-54.6%). New listings on the other hand rose for the 4th straight month (+24.6%). There was less than 1 month of supply in September.
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*Data/stats provided from DAAR*