Loudoun County May MTD Market Activity
May 21, 2006
It appears May is headed toward another slow month in real estate activity. Here are the May 20
th MTD numbers:
- 4,432 Active Listings (averaging 91 days on the market)
- 1,114 New Listings
- 301 Contracts Ratified (averaging 77 days on the market)
- 196 Settlements (averaging 68 days on the market)
- 151 Expired Listings (averaging 111 days on the market)
- $553,577 Average Price (96.3% of list price)
- 27% New Listing Absorption Rate (NewContracts/New Listings)
- 10% Total Listing Absorption Rate (New Contracts/Total Listings)
The table below (right) contain projections to the end of the month (31/20 times the MTD data for inventory items). A couple of facts to keep in mind:
(1) There is usually a surge of closings toward the last week of the month.
(2) New construction sales MLS postings are notoriously late.
Data Points
| Loudoun County | Residential Property |
| ■ Avg Sales Price |
$532,473 |
↓ |
■ |
■ |
| ■ YTD Avg Price |
-4.40% |
↓ |
■ |
■ |
| ■ New Listings |
1,649 |
↓ |
■ |
■ |
| ■ Active Listings |
4,313 |
↑↑ |
■ |
■ |
| ■ New Contracts |
505 |
↓ |
■ |
■ |
| ■ Number Sold |
467 |
↓ |
■ |
■ |
| ■ Weeks Backlog |
19.1 |
↑↑ |
■ |
■ |
| ■ Days on Market |
73 |
↓ |
■ |
■ |
| ■ % of List Price |
97.1% |
|
■ |
■ |
| ■ Builders Sold |
58 |
↑ |
■ |
■ |
| ■ Buyer Intensity |
-0.78 |
↓ |
■ |
■ |
| Competition: |
+++Favorable to buyers |
| Market Momentum: |
Strong Buyer |
| Price Momentum: |
Buyers |
*Trend: change from previous month
*Index: Sold is 78% lower than total active |
|
| Loudoun County | Residential Property |
| ■ Avg Sales Price |
$553,577 |
↑ |
■ |
■ |
| ■ YTD Avg Price |
-0.60% |
↓ |
■ |
■ |
| ■ New Listings |
1,727 |
↑ |
■ |
■ |
| ■ Active Listings |
4,432 |
↑ |
■ |
■ |
| ■ New Contracts |
466 |
↓ |
■ |
■ |
| ■ Number Sold |
303 |
↓↓ |
■ |
■ |
| ■ Weeks Backlog |
24.8 |
↑↑ |
■ |
■ |
| ■ Days on Market |
68 |
↓ |
■ |
■ |
| ■ % of List Price |
96.3% |
↓ |
■ |
■ |
| ■ Builders Sold |
-- |
|
■ |
■ |
| ■ Buyer Intensity |
-0.83 |
↓ |
■ |
■ |
| Competition: |
+++Favorable to buyers |
| Market Momentum: |
Strong Buyer |
| Price Momentum: |
Buyers |
*Trend: change from previous month
*Index: Sold is 83% lower than total active |
|
Note: The projections are calculated using a simple percentage calculation based on the days of the month the sample was taken (20) and the total number of days in the month (31). Official MLS month end reporting may be different. Another sample will be taken on the close of the last day of the month.
Comment on Loudoun County May MTD Market Activity.
Follow this
article is off.
More articles like this one filed in: Loudoun County Market News
Subscribe to eMail Notifications
Enter your email address in the appropriate box below (email never disclosed)
Be the first...
Add your comments on this article here
Subscribe to: 
Valid CSS and
