The Loudoun County housing market continued to grow steadily through December, according to the Dulles Area Association of Realtors’ (DAAR) December market trends report.
At $542,250, the median sales price for December saw a 4.3 percent increase over the December 2019 figure of $519,700. But the sales price for December was down almost $18,000 from the median sales price of $560,000 in November 2020.
The report attributes the median sales price increase over previous year prices to the fact that “buyers remain active” while the number of active listings continues to shrink, mirroring trends from the month before. Only 231 active listings were reported on the Loudoun market at the end of last month, a remarkable 57.9 percent drop from December 2019.
The number of overall sales in the county increased significantly to 644, a 32.5 percent uptick from December 2019.
Chantilly’s 20152 ZIP code saw the strongest sales growth of any local market, doubling the previous December’s sales, while Purcellville’s 20132 ZIP code was the only local market to exhibit a sales decrease, dipping by 12.5 percent.Pending sales in Loudoun also jumped significantly with 410, a 45.4 percent increase over December 2019.
Sterling’s 20164 ZIP code and Ashburn’s 20148 ZIP code showed significant growth in pending sales last month — increasing 125 percent and 50 percent, respectively — while pending sales in Lovettsville’s 20180 ZIP code plummeted 80 percent.
More information and the full report are available at bit.ly/2KGMSBq.