STATPAK JUNE 2020 LOUDOUN COUNTY…Through the first five months of the year contract activity is down 9.9%. The average number The average number of days on the market for homes receiving

Copyright © 2020 – McEnearney Associates Loudoun County StatPak - Page 1

Unless otherwise noted, data derived from Metropolitan Regional Information Systems, Inc. (MRIS®). “Northern Virginia” is defined as Arlington and Fairfax counties and the cities of Alexandria, Falls Church & Fairfax.

CONTRACTS Contract activity in May 2020 was down 10.0% from last May and was down in four of the six price categories. Through the first five months of the year contract activity is down 9.9%. The average number of days on the market for homes receiving contracts was 26 days in May 2020, up from 24 days last May. URGENCY INDEX The Urgency Index, simply the percentage of homes going under contract that were on the market 30 days or less, was down in May compared to last May. During the past 15 years, the Index has been as high as 92% (April 2005) and as low as 14% (August 2006). In May 2020, the Urgency Index was 75.4%, down from 78.7% in May 2019.

INVENTORY The number of homes on the market at the end of May was down 32.8% compared to the end of May 2019 and was down for five price categories. The number of new listings coming on the market decreased 31.0% compared to May 2019. The decrease in inventory was more significant than the decrease in contract activity, lowering overall supply to 1.0 months from 1.4 months at the end of May 2019.

INTEREST RATES 30-year fixed mortgage interest rates at the end of May stood at 3.15%, almost seven-eighths of a point lower than this time last year, slightly lower than the end of last month. These are historic lows for mortgage interest rates and contribute to this being an exceptionally attractive time to purchase a home.

AFFORDABILITY The payment on a no-money-down, 30-year fixed mortgage for a median-priced home is 18.5% higher today than it was a decade ago in May 2010 – but the median price is 44% higher over that same time period. The payment is 4.8% lower than May of last year because of lower interest rates and despite higher prices. The payment for a median priced home ($2,265) in May was slightly lower than the median rented price ($2,300).

DIRECTION OF THE MARKET The Loudoun County real estate market is showing some encouraging signs of recovering from the significant contraction brought on by the COVID-19 pandemic. In April, contract activity fell by 35%, and in May the drop was only 10%. Early June numbers are even more encouraging. Yet the hit to the market is undeniable – since mid-March, there have been 20% fewer homes going under contract than the same time last year. However, it is also undeniable that the fundamentals remain strong. Overall supply relative to demand is actually tighter than last May, in part because buyers are returning more rapidly than sellers. Average days on market, absorption rates, the urgency index are similar to those of last year. Home prices are holding up. We know a full recovery is still well down the road, but we believe that as more businesses open and more furloughed employees return to work, we’ll see more people taking advantage of historically low interest rates.

LOUDOUN COUNTY JUNE 2020 STATPAK

McEnearney.com

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MAY 2020


MONTHLY SUMMARY MAY 2019 vs. MAY 2020

May May %LOUDOUN COUNTY 2019 2020 Change

Number of Closed Sales 743 543 -26.9%Fully Available Inventory on 5/31 1,079 725 -32.8%Number of New Listings 1,113 768 -31.0%Number of New Contracts 787 708 -10.0%Days on Market - New Contracts 24 26 8.3%Average Sales Price $529,167 $569,813 7.7%Average Seller Subsidy $2,276 $3,074 35.1%Urgency Index 78.7% 75.4% -4.2%Months' Supply 1.4 1.0 -25.3%

NORTHERN VIRGINIANumber of Closed Sales 2,389 1,624 -32.0%Fully Available Inventory on 5/31 2,900 1,991 -31.3%Number of New Listings 3,311 2,141 -35.3%Number of New Contracts 2,515 1,976 -21.4%Days on Market - New Contracts 22 23 4.5%Average Sales Price $626,745 $642,770 2.6%Average Seller Subsidy $1,942 $2,528 30.2%Urgency Index 80.6% 77.7% -3.6%Months' Supply 1.2 1.0 -12.6%

WASHINGTON, DCNumber of Closed Sales 929 568 -38.9%Fully Available Inventory on 5/31 1,552 1,404 -9.5%Number of New Listings 1,436 1,087 -24.3%Number of New Contracts 987 850 -13.9%Days on Market - New Contracts 27 36 33.3%Average Sales Price $733,274 $747,103 1.9%Average Seller Subsidy $1,884 $3,058 62.3%Urgency Index 76.7% 65.2% -15.0%Months' Supply 1.6 1.7 5.0%

MONTGOMERY COUNTYNumber of Closed Sales 1,336 881 -34.1%Fully Available Inventory on 5/31 2,425 1,503 -38.0%Number of New Listings 2,049 1,233 -39.8%Number of New Contracts 1,545 1,171 -24.2%Days on Market - New Contracts 34 34 0.0%Average Sales Price $574,310 $571,854 -0.4%Average Seller Subsidy $3,137 $4,058 29.4%Urgency Index 70.5% 68.7% -2.6%Months' Supply 1.6 1.3 -18.2%

PRINCE GEORGE'S COUNTYNumber of Closed Sales 1,066 713 -33.1%Fully Available Inventory on 5/31 1,644 1,057 -35.7%Number of New Listings 1,454 1,039 -28.5%Number of New Contracts 1,234 1,102 -10.7%Days on Market - New Contracts 41 35 -14.6%Average Sales Price $326,201 $343,639 5.3%Average Seller Subsidy $5,431 $6,025 10.9%Urgency Index 66.5% 67.4% 1.4%Months' Supply 1.3 1.0 -28.0%

* Note: Percentages depicted in red indicate a negative market trend; black indicates a positive market trend


YEAR-TO-DATE SUMMARY 2019 vs. 2020

Jan-May Jan-May %LOUDOUN COUNTY 2019 2020 Change

Number of Closed Sales 2,399 2,302 -4.0%Average Month-End Available Inventory 863 681 -21.1%Number of New Listings 4,246 3,649 -14.1%Number of New Contracts 3,171 2,858 -9.9%Days on Market - New Contracts 28 27 -4.1%Average Sales Price $528,299 $572,490 8.4%Average Seller Subsidy $2,647 $2,556 -3.4%Average Urgency Index 77.5% 80.7% 4.1%Average Months' Supply 1.4 1.2 -12.5%

NORTHERN VIRGINIANumber of Closed Sales 8,415 7,431 -11.7%Average Month-End Available Inventory 2,254 1,784 -20.9%Number of New Listings 13,022 10,797 -17.1%Number of New Contracts 10,374 8,906 -14.2%Days on Market - New Contracts 25 24 -1.5%Average Sales Price $604,247 $645,411 6.8%Average Seller Subsidy $2,147 $2,104 -2.0%Average Urgency Index 80.1% 82.0% 2.4%Average Months' Supply 1.1 1.0 -7.8%

WASHINGTON, DCNumber of Closed Sales 3,496 3,177 -9.1%Average Month-End Available Inventory 1,320 1,275 -3.4%Number of New Listings 5,797 5,117 -11.7%Number of New Contracts 4,371 3,810 -12.8%Days on Market - New Contracts 38 40 5.7%Average Sales Price $711,067 $728,148 2.4%Average Seller Subsidy $2,321 $2,830 21.9%Average Urgency Index 69.7% 66.8% -4.2%Average Months' Supply 1.5 1.7 10.8%

MONTGOMERY COUNTYNumber of Closed Sales 4,375 4,262 -2.6%Average Month-End Available Inventory 1,895 1,371 -27.6%Number of New Listings 7,774 6,256 -19.5%Number of New Contracts 5,962 5,133 -13.9%Days on Market - New Contracts 43 37 -12.4%Average Sales Price $545,059 $562,754 3.2%Average Seller Subsidy $3,460 $3,689 6.6%Average Urgency Index 67.6% 69.9% 3.4%Average Months' Supply 1.6 1.3 -16.0%

PRINCE GEORGE'S COUNTYNumber of Closed Sales 3,913 3,589 -8.3%Average Month-End Available Inventory 1,614 1,144 -29.1%Number of New Listings 6,199 5,355 -13.6%Number of New Contracts 5,811 4,924 -15.3%Days on Market - New Contracts 51 41 -19.4%Average Sales Price $307,611 $335,077 8.9%Average Seller Subsidy $5,608 $6,164 9.9%Average Urgency Index 56.8% 65.0% 14.4%Average Months' Supply 1.4 1.2 -16.3%

* Note: Percentages depicted in red indicate a negative market trend; black indicates a positive market trend

Year-to-Date


BUYING POWER • A $1,000 principal and interest

payment supported a loan of $232,701 at the end of May, which is $22,987 more than May 2019, and $44,496 more than May 2009.

• In May 2010, it would have taken a monthly PI payment of $1,911 to purchase a median-priced home, and it’s $2,265 now.

• That’s an 18.5% increase – but the median price is up 44% in that 10-year period.

AVERAGE PRICES • The average sales price in May

2020 was $569,813, which was up 7.7% from the May 2019 average price of $529,167.

• Remember that these indicators are arithmetic computations based on all properties sold and do not indicate the appreciation or depreciation of any individual property.

BUYING POWER Mortgage Amount with $1,000 Payment

AVERAGE SALES PRICE Loudoun County – 2012-Current

LOUDOUN COUNTY – Detail Pages

MORTGAGE RATES • 30-year fixed interest rates at

the end of May averaged 3.15%, compared to 3.99% at the end of May 2019.

• One-year adjustable rate mortgages were 3.13% at the end of May 2020, which is down from 3.60% at the end of May 2019.

30-YEAR FIXED AND 1-YEAR ADJUSTABLE RATES Month-End Mortgage Rates – 2013-Current

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URGENCY INDEX - May • During the past 12 years, the May

Urgency Index has been as high as 78.7% and as low as 55.6%.

• The average May Urgency Index during the past 12 years is 68.0% – which is lower than where we are today.

• Contract activity is down 10.0% from last May – and the Urgency Index decreased from 78.7% to 75.4%.

URGENCY INDEX Loudoun County – May 2009-2020

URGENCY INDEX DC Metro Area by Jurisdiction Comparison – May 2020

URGENCY INDEX – DC Metro Area • The average May Urgency Index

during the past 12 years for all five of the jurisdictions we track is 66.2% – lower than where we are today, which is 71.8% for all five jurisdictions.

• Loudoun County is in second place this month. As noted above, it is higher than its 12-year average.

URGENCY INDEX % of Contracts on the Market for 30 Days or Less

Loudoun County – 2016-Current

URGENCY INDEX – 2016-Current • This chart compares the number

of contracts (green line) to the percent that were on the market 30 days or less (blue bars). At first glance, it might appear that the lower contract activity also means a lower percentage of homes that sell quickly – but that’s not always true.

• Across the DC metro area, as contract activity has fallen in response to the COVID-19 pandemic, the urgency index has changed very little.

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NEW CONTRACT ACTIVITY • As noted on page 2, the number

of new contracts ratified in May 2020 was down 10.0% from the number of contracts ratified in May 2019.

• There were decreases for four price categories.

• As noted on page 3, contract activity year-to-date is down 9.9%.

• 20.3% of all homes going under contract in May 2020 had at least one price reduction before going under contract. Last May it was 19.7%.

FULLY AVAILABLE LISTINGS • As noted on page 2, the available

inventory for May 2020 was down 32.8% from May 2019. There were decreases for five price categories.

• 26.8% of all homes on the market have had at least one price reduction since coming on the market.

• In May 2019, 28.8% of all homes on the market had at least one price reduction.

MONTHS’ SUPPLY • The overall supply of homes on

the market at the end of May was 1.0 months, down from 1.4 months at the end of May 2019.

• Supply decreased for four price categories.

FULLY AVAILABLE LISTINGS Loudoun County – May 31, 2019 vs. May 31, 2020

MONTHS’ SUPPLY Loudoun County – End of May 2019 vs. End of May 2020

NEW CONTRACT ACTIVITY Loudoun County – May 2019 vs. May 2020 by Price Range

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# of New Contracts

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# of Months' Supply

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AVERAGE NUMBER OF DAYS ON THE MARKET – NEW CONTRACTS • The average number of days on

the market for all homes receiving contracts in May 2020 was 26 days, which is an 8.3% increase from 24 days in May 2019.

NUMBER OF NEW LISTINGS, CONTRACTS AND ACTIVE LISTINGS • There were 768 new listings that

came on the market in May 2020, a decrease of 31.0% from 1,113 in May 2019.

• The lines representing active listings (green), new listings (blue) and new contracts (red) have narrowed since the middle of last year, and now virtually overlap.

• This remained true in May despite the much slower market.

RELATIONSHIP OF SALES PRICE TO ORIGINAL LIST PRICE vs. DAYS ON MARKET • Initial pricing strategy is critical

to the listing process, regardless of market conditions. The longer a home sits on the market, the deeper the discount to its original list price will likely be.

• Homes settling in May 2020 that received contracts their first week on the market sold, on average, 0.36% above list. Those that took more than 120 days to sell sold 7.14% below the original price.

SOME DEFINITIONS AND EXPLANATIONS TO AID YOUR UNDERSTANDING OF THE DATA • The data shown here are collected, in whole or in part, from the Metropolitan Regional Information System, Inc, and are believed to be reliable but are not guaranteed • “Sales” are transactions that settled during the statistical period; “Under Contracts” are contracts negotiated during the statistical period, but not yet settled • “Available Listings” reflects single-family homes, town homes, new homes and condos on the market at the end of the period in question. • “Months’ Supply” is simply the number of “Fully Available Listings” on the market at the end of the month divided by the number of “Contracts” ratified that month.

NUMBER OF NEW LISTINGS, NEW CONTRACTS, AND ACTIVE LISTINGS

Loudoun County – January 2014-Current

RELATIONSHIP OF SALES PRICE TO ORIGINAL LIST PRICE vs. DAYS ON MARKET

Resale Properties Sold in Loudoun County – May 2019 vs. May 2020

AVERAGE NUMBER OF DAYS ON MARKET Loudoun County – May 2019 vs. May 2020 – New Contracts

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# of Days on Market

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CONDO/CO-OP – LISTINGS • The number of new listings for

condos and co-ops coming on the market in May 2020 decreased 22.7% compared to May 2019.

• The fully available inventory of condos as of May 31, 2020 decreased 12.3% compared to 2019.

• As the numbers indicate, condos do not represent a significant slice of the Loudoun market.

LISTINGS

Analysis by Property Type – Condo/Co-op

CONDO/CO-OP – CONTRACTS • The number of condos and

co-ops receiving ratified contracts decreased 11.8% in May 2020 compared to May 2019.

• Year-to-date, contract activity is down 11.3% compared to 2019.

CONTRACTS

CONDO/CO-OP – SETTLEMENTS AND AVERAGE PRICE • The number of condos and

co-ops settling in May 2020 decreased 30.8% compared to May 2019. Year-to-date, the number of settlements is down 6.4%.

• The average price was up 11.7% compared to May 2019.

• Year-to-date, the average sales price is up 11.6%.

SETTLEMENTS

Condo/Co-opListings 2019 2020 % Change 2019 2020 % Change$299,999 and under 49 34 -30.6% 23 31 34.8%$300,000 - $499,999 104 83 -20.2% 111 81 -27.0%$500,000 - $749,999 8 8 0.0% 10 16 60.0%$750,000 - $999,999 2 1 -50.0% 2 0 -100.0%$1,000,000 - $1,499,999 0 0 - 0 0 -$1,500,000 & higher 0 0 - 0 0 -Grand Total: 163 126 -22.7% 146 128 -12.3%

New This Month Total Active

Condo/Co-opContracts 2019 2020 % Change 2019 2020 % Change$299,999 and under 53 27 -49.1% 226 134 -40.7%$300,000 - $499,999 70 77 10.0% 303 323 6.6%$500,000 - $749,999 4 6 50.0% 12 19 58.3%$750,000 - $999,999 0 2 - 0 4 -$1,000,000 - $1,499,999 0 0 - 0 0 -$1,500,000 & higher 0 0 - 0 0 -Grand Total: 127 112 -11.8% 541 480 -11.3%

New This Month Year-To-Date

Condo/Co-opSettlements 2019 2020 % Change 2019 2020 % Change$299,999 and under 52 31 -40.4% 182 122 -33.0%$300,000 - $499,999 92 62 -32.6% 236 252 6.8%$500,000 - $749,999 2 7 250.0% 7 22 214.3%$750,000 - $999,999 0 1 - 0 2 -$1,000,000 - $1,499,999 0 0 - 0 0 -$1,500,000 & higher 0 0 - 0 0 -Grand Total: 146 101 -30.8% 425 398 -6.4%

Average Sales Price: May 2019 May 2020 % Change YTD 2019 YTD 2020 % ChangeCondo/Co-op $324,667 $362,634 11.7% $314,861 $351,427 11.6%



Analysis by Property Type – Fee Simple Attached

ATTACHED HOMES – LISTINGS • The number of new listings

coming on the market in May 2020 for fee simple attached homes decreased 29.7% compared to May 2019.

• The fully active inventory at the end of May is down 37.9% compared to the available inventory at the end of May 2019.

LISTINGS

ATTACHED HOMES – CONTRACTS • Contract activity for attached

homes decreased 11.6% in May 2020 compared to May 2019.

• Year-to-date, contract activity is down 16.9% compared to 2019.

CONTRACTS

ATTACHED HOMES – SETTLEMENTS AND AVERAGE PRICE • The number of settlements

decreased 25.2% in May 2020 compared to May 2019. Year-to-date, the number of settlements decreased 13.0%.

• The average sales price is up 6.9% in May 2020 compared to May 2019.

• The average sales price year-to-date is up 5.7%.

SETTLEMENTS

Fee Simple AttachedListings 2019 2020 % Change 2019 2020 % Change$299,999 and under 9 5 -44.4% 4 0 -100.0%$300,000 - $499,999 232 137 -40.9% 102 39 -61.8%$500,000 - $749,999 125 114 -8.8% 117 95 -18.8%$750,000 - $999,999 2 3 50.0% 9 10 11.1%$1,000,000 - $1,499,999 2 1 -50.0% 3 2 -33.3%$1,500,000 & higher 0 0 - 0 0 -Grand Total: 370 260 -29.7% 235 146 -37.9%


Fee Simple AttachedContracts 2019 2020 % Change 2019 2020 % Change$299,999 and under 6 6 0.0% 28 17 -39.3%$300,000 - $499,999 197 137 -30.5% 789 580 -26.5%$500,000 - $749,999 81 105 29.6% 331 348 5.1%$750,000 - $999,999 0 4 - 8 16 100.0%$1,000,000 - $1,499,999 1 0 -100.0% 1 1 0.0%$1,500,000 & higher 0 0 - 0 0 -Grand Total: 285 252 -11.6% 1157 962 -16.9%


Fee Simple AttachedSettlements 2019 2020 % Change 2019 2020 % Change$299,999 and under 9 2 -77.8% 22 14 -36.4%$300,000 - $499,999 159 104 -34.6% 595 449 -24.5%$500,000 - $749,999 85 80 -5.9% 265 299 12.8%$750,000 - $999,999 1 4 300.0% 8 11 37.5%$1,000,000 - $1,499,999 0 0 - 2 3 50.0%$1,500,000 & higher 0 0 - 0 0 -Grand Total: 254 190 -25.2% 892 776 -13.0%

Average Sales Price: May 2019 May 2020 % Change YTD 2019 YTD 2020 % ChangeFee Simple Attached $460,321 $491,916 6.9% $462,950 $489,364 5.7%

Year-To-DateNew This Month


Analysis by Property Type – Fee Simple Detached

DETACHED HOMES – CONTRACTS • The number of contracts for

detached homes in May 2020 decreased 8.3% compared to May 2019.

• The number of contracts year-to-date is down 3.9%.

CONTRACTS

DETACHED HOMES – SETTLEMENTS AND AVERAGE PRICE • The number of settlements in

May decreased 26.5% from May 2019. Year-to-date, there has been an increase of 4.3%.

• The average sales price for detached homes increased 6.7% in May 2020 compared to May 2019.

• Year-to-date, the average sales price is up 10.6%.

SETTLEMENTS

DETACHED HOMES – LISTINGS • The number of new listings for

fee simple detached homes was down 30.0% in May 2020 compared to May 2019.

• The number of detached homes on the market on May 31, 2020 was down 38.4% compared to May 31, 2019.

LISTINGS

Fee Simple DetachedListings 2019 2020 % Change 2019 2020 % Change$299,999 and under 2 4 100.0% 3 5 66.7%$300,000 - $499,999 71 50 -29.6% 67 34 -49.3%$500,000 - $749,999 276 154 -44.2% 288 109 -62.2%$750,000 - $999,999 150 128 -14.7% 245 187 -23.7%$1,000,000 - $1,499,999 32 38 18.8% 70 64 -8.6%$1,500,000 & higher 15 8 -46.7% 59 52 -11.9%Grand Total: 546 382 -30.0% 732 451 -38.4%


Fee Simple DetachedContracts 2019 2020 % Change 2019 2020 % Change$299,999 and under 2 2 0.0% 13 13 0.0%$300,000 - $499,999 61 60 -1.6% 282 245 -13.1%$500,000 - $749,999 214 148 -30.8% 780 658 -15.6%$750,000 - $999,999 77 112 45.5% 310 414 33.5%$1,000,000 - $1,499,999 14 16 14.3% 66 64 -3.0%$1,500,000 & higher 7 6 -14.3% 22 22 0.0%Grand Total: 375 344 -8.3% 1473 1416 -3.9%


Fee Simple DetachedSettlements 2019 2020 % Change 2019 2020 % Change$299,999 and under 1 1 0.0% 10 9 -10.0%$300,000 - $499,999 61 35 -42.6% 205 186 -9.3%$500,000 - $749,999 189 123 -34.9% 581 546 -6.0%$750,000 - $999,999 77 77 0.0% 228 312 36.8%$1,000,000 - $1,499,999 14 14 0.0% 48 58 20.8%$1,500,000 & higher 1 2 100.0% 10 17 70.0%Grand Total: 343 252 -26.5% 1082 1128 4.3%

Average Sales Price: May 2019 May 2020 % Change YTD 2019 YTD 2020 % ChangeFee Simple Detached $667,195 $711,581 6.7% $639,850 $707,676 10.6%



ABSORPTION RATES – CONDOS AND COOPS • The overall absorption rate for

condos and co-ops for May 2020 was 46.7%, basically the same as 46.5% in May 2019.

• Safe to say the market for condos priced more than $500,000 is very limited.

ABSORPTION RATES – ATTACHED HOMES • The overall absorption rate for

attached homes for May 2020 was 63.3%, a significant increase from May 2019’s 54.8%.

ABSORPTION RATES – DETACHED HOMES • May 2020’s absorption rate for

detached homes was 43.3%, a significant increase from the 33.9% rate from May 2019.

• And as we have seen in the other property types, the absorption rates are higher for the lower-priced categories.

Absorption Rate by Property Type The following tables track absorption rate by property type, comparing the rates in the just-completed month to the rates in the same month of the previous year. The absorption rate is a measure of the health of the market and tracks the percentage of homes that were on the market during the given month and in the given price range that went under contract. [The formula is # Contracts/ (# Contracts + # Available).] An example: The absorption rate for detached homes priced between $500,000 and $749,999 in May 2020 was 57.6%. That compares to a rate of 42.6% in May 2019, and the increase means the market was better in 2020 for that type of home. If the absorption rate was less in 2020 than in 2019, we have put the 2020 rate in red. This month there was improvement for 10 of 15 individual price categories with activity, and two remained the same.

Condo/Co-opAbsorption Rates Listings Contracts Rate Listings Contracts Rate$299,999 and under 23 53 69.7% 31 27 46.6%$300,000 - $499,999 111 70 38.7% 81 77 48.7%$500,000 - $749,999 10 4 28.6% 16 6 27.3%$750,000 - $999,999 2 0 0.0% 0 2 100.0%$1,000,000 - $1,499,999 0 0 - 0 0 -$1,500,000 & higher 0 0 - 0 0 -Grand Total: 146 127 46.5% 128 112 46.7%

May 2019 May 2020

Fee Simple AttachedAbsorption Rates Listings Contracts Rate Listings Contracts Rate$299,999 and under 4 6 60.0% 0 6 100.0%$300,000 - $499,999 102 197 65.9% 39 137 77.8%$500,000 - $749,999 117 81 40.9% 95 105 52.5%$750,000 - $999,999 9 0 0.0% 10 4 28.6%$1,000,000 - $1,499,999 3 1 25.0% 2 0 0.0%$1,500,000 & higher 0 0 - 0 0 -Grand Total: 235 285 54.8% 146 252 63.3%

May 2019 May 2020

Fee Simple DetachedAbsorption Rates Listings Contracts Rate Listings Contracts Rate$299,999 and under 3 2 40.0% 5 2 28.6%$300,000 - $499,999 67 61 47.7% 34 60 63.8%$500,000 - $749,999 288 214 42.6% 109 148 57.6%$750,000 - $999,999 245 77 23.9% 187 112 37.5%$1,000,000 - $1,499,999 70 14 16.7% 64 16 20.0%$1,500,000 & higher 59 7 10.6% 52 6 10.3%Grand Total: 732 375 33.9% 451 344 43.3%

May 2019 May 2020

Documents

STATPAK JUNE 2020 LOUDOUN COUNTY…Through the first five months of the year contract activity is down 9.9%. The average number The average number of days on the market for homes receiving