Video Market Update Feb 2017

Dated: 03/20/2017

Views: 406

February 2017 Loudoun County Market Trends Report: Homes Selling Faster as Active Inventory Continues to Decline.

Prepared for the Dulles Area Association of REALTORS® by the Center for Regional Analysis at George Mason University.



• Homes in Loudoun County sold significantly faster than last year, with half of the February sales being listed for 17 days or less, down 70 percent from February 2016’s total of 58. This is the largest monthly annualized change since 2009.

• After a 12-year low in January, inventory decline eased slightly. However, active inventory at the end of February was 22.2 percent lower than the same point last year. This left 1,067 homes for sale at the end of the month.

• New listing activity increased relative to last year; 726 homes were added in February, up 21.7 percent from February 2016.

• Loudoun County home sellers received an average 98.2 percent of original list price in February, 1.6 percentage points more than last year and the highest February mark in the last decade.

• Loudoun County’s median sales price increased modestly in February, climbing 2.0 percent on an annualized basis to $423,250.  This marks a 34 percent appreciation versus the $315,000 low of April 2009. 

• Closed sales are nearly identical to last month, but down 2.8 percent over February 2016.


Image title


Blog author image

Melody Visser

Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Currently, she serves as a REALTOR at eXp Realty, LLC. As a life-long resident of Virginia, Melody has....

Want to Advertise on this Site?

Latest Blog Posts

FICO Scores On Approved Home Loans Drop Again

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance

Read More

Why You Need An Agent For New Construction

Are you ready to buy a home and considering going in the route of new builds? It may seem like an easy enough process, where you get to call the shots of how you want your dream home to be, but

Read More

Use The Right Paint Finish

Ready to paint your home? Be sure to use the right finishes in each room and feature to make the best impact in your home. Using the wrong finishes can backfire for home owners if the wrong ones are

Read More

Why Now Is The Time To Buy

If you have been considering purchasing a home, you may be curious to know if this is the right time in the market to make your move. The market is fast changing, with new laws coming into play,

Read More