Loudoun County Market Report April 2021

Key Market Takeaways


Economic Conditions

  • In the first quarter of 2021, the pace of economic growth both statewide and in Loudoun County have slowed somewhat. However, consumer spending and job growth likely will accelerate this spring.
  • Consumers’ confidence about present and future economic conditions improved in March.
  • Mortgage rates ticked up slightly in the first quarter of 2021, although it is likely that rates will stabilize and remain low for the rest of 2021.


Housing Market Conditions

  • Sales activity continues to expand in the Loudon County housing market. There were 1,490 sales in the county during the first quarter, up 22% from a year ago.
  • The first quarter median sales price in Loudoun County was $575,000, which is 12% higher than last year, a gain of more than $62,000.
  • The inventory of homes available remains tight in the county. There were 235 active listings at the end of the first quarter in Loudoun County, falling 67% from this time last year.

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