The Long & Foster Market Minute

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

Zip Code(s): 20180, 20129, 20197, 20132, 20158, 20141 and 20135
Units Sold
98
Active Inventory
60
Median Sale Price
$667,500
Days On Market
11
Up 11%
Vs. Year Ago
Down -65%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -73%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 98 sold this month in Purcellville, Lovettsville, and Western Loudoun County Real Estate versus 106 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 11% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 112 units or 65%. The total number of active inventory this June was 60 compared to 172 in June 2020. This month's total of 60 is higher than the previous month's total supply of available inventory of 55, an increase of 9%.

Median Sale Price
Last June, the median sale price for Purcellville, Lovettsville, and Western Loudoun County Homes was $549,950. This June, the median sale price was $667,500, an increase of 21% or $117,550 compared to last year. The current median sold price is 3% lower than in May.

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


New Listings
122
Current Contracts
108
Sold Vs. List Price
103.1%
Months of Supply
0.6
Up 16%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 4.5%
Vs. Year Ago
Down -69%
Vs. Year Ago

Months of Supply
In June, there was 0.6 months of supply available in Purcellville, Lovettsville, and Western Loudoun County, compared to 2.0 in June 2020. That is a decrease of 69% 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 122 homes newly listed for sale in Purcellville, Lovettsville, and Western Loudoun County compared to 105 in June 2020, an increase of 16%. There were 108 current contracts pending sale this June compared to 112 a year ago. The number of current contracts is 4% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Purcellville, Lovettsville, and Western Loudoun County was 103.1% of the average list price, which is 4.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 40, a decrease of 73%.

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.