The Long & Foster Market Minute

Focus On: Purcellville, Lovettsville, and Western Loudoun County Housing Market March 2021

Zip Code(s): 20180, 20129, 20197, 20132, 20158, 20141 and 20135
Units Sold
79
Active Inventory
45
Median Sale Price
$635,000
Days On Market
19
Down -9%
Vs. Year Ago
Down -78%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -49%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 79 sold this month in Purcellville, Lovettsville, and Western Loudoun County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 156 units or 78%. The total number of active inventory this March was 45 compared to 201 in March 2020. This month's total of 45 is lower than the previous month's total supply of available inventory of 53, a decrease of 15%.

Median Sale Price
Last March, the median sale price for Purcellville, Lovettsville, and Western Loudoun County Homes was $568,210. This March, the median sale price was $635,000, an increase of 12% or $66,790 compared to last year. The current median sold price is 15% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
108
Current Contracts
107
Sold Vs. List Price
102.5%
Months of Supply
0.6
Down -21%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 1.8%
Vs. Year Ago
Down -75%
Vs. Year Ago

Months of Supply
In March, there was 0.6 months of supply available in Purcellville, Lovettsville, and Western Loudoun County, compared to 2.3 in March 2020. That is a decrease of 75% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 108 homes newly listed for sale in Purcellville, Lovettsville, and Western Loudoun County compared to 137 in March 2020, a decrease of 21%. There were 107 current contracts pending sale this March compared to 92 a year ago. The number of current contracts is 16% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Purcellville, Lovettsville, and Western Loudoun County was 102.5% of the average list price, which is 1.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 37, a decrease of 49%.

The Long & Foster Market Minute Purcellville, Lovettsville, and Western Loudoun County are defined as properties listed in zip code/s 20180, 20129, 20197, 20132, 20158, 20141 and 20135.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.