Loudoun County Market Report May 2021

This real estate market continues to be very busy and there was a 20% increase in the number of closed sales in April compared to March. We also saw a 20% increase in new listings as well, so there are more homes coming on the market and I expect that to continue in the next few months. Home prices have been steadily rising also, and homeowners are getting 2.4% more than their list price. So definitely still a seller’s market out there. The days on market is still the lowest it has been since last year at 11 days on market. So for you seller’s out there, there is definitely still time to take advantage of this seller’s market. For buyers, please reach out to us if you are thinking about buying since it might take longer than usual to find and get a property under contract in this market. Give us a call at 703-239-7104