The Loudoun County housing market continued to be strong in December with sales surging in most areas. A total of 644 homes sold in December in Loudoun County which was a 32.5% rise from 2019. Chantilly received the strongest growth where sales doubled from last December! Yes, a 100% increase in home sales in Chantilly from December 2019 to December 2020. Purcellville was the only market that had a drop in sales in Dec from 2019 to 2020 – a drop of -12.5% occurred.
Pending sales continued to grow in Loudoun for the 7th consecutive month. Pending sales jumped 45.4% to 410 pending sales from last year. Both Sterling and Ashburn pending sales were up by 125% and 50% from last year. Lovettsville saw a decline in pending sales – down 80%.
Inventory is still low throughout Loudoun County and home prices continued to rise because of the low inventory and the amount of active buyers looking for homes. The December median home price in Loudoun County was $542,250 which is a 4.3% increase over last year. Both Ashburn and Leesburg though saw a median sales price increase of $100,000 this month compared to a year ago.
The Loudoun market is still seeing Active listings shrink rapidly. Only 231 listings were active at the end of December which is a reduction of 318 listings from last year.
What does that mean to you if you own a home in Loudoun County? It means its a great time to sell! If you are considering selling, please call Sonja Adams at 703-963-7407 for a complete market analysis of your home. This is a market you don’t want to miss! Call Sonja Today!