December 2020: Market Indicators Report
Key Market Trends
Loudoun County housing market strong through December, sales surging in most local areas.
There were 644 sales in December in the County, 158 more than last year (+32.5%). The strongest growth occurred in Chantilly (zip code 20152) where sales doubled from last December (+100.0%). Purcellville (zip code 20132) was the only local market to have a drop in sales this month (-12.5%).
Pending sales continue to rise in the County, 7th consecutive month of growth.
There were 410 pending sales in Loudoun County in December, a 45.4% jump from last year. Sterling (zip code 20164) and Ashburn (zip code 20148) had strong pending sales growth this month, up 125.0% and 50.0% respectively. Pending sale sin Lovettsville (zip code 20180) declined 80.0%.
Home prices continue to climb in many parts of the County as inventory dries up and buyers remain active.
The December median sales price in Loudoun County was $542,250, which is $22,550 higher than last year, a 4.3% increase. Notably, the median sales price was about $100,000 higher this month in both Ashburn (zip code 20148) and Leesburg (zip code 20176) compared to a year ago.
Active listings continue to shrink rapidly in the Loudoun County market.
There were only 231 active listings on the market in the County at the end of December, a reduction of 318 listings from last year (-57.9%).