Loudoun Real Estate Snapshot

Loudoun Real Estate Snapshot | May 2006

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June 1, 2006

Unofficial May Market update for Loudoun County, VA: Another ho-hum month for real estate activity. Unsold inventory is still rising, new listings are declining as are sold and under contract. Surprisingly, prices seem to be maintaining even though we see price reductions on the majority of listings. Days on market is declining a bit and this tells me that buyers (as few as there are) are writing contracts on their pick of the best at a reasonable price. We will check the data again in 48 hours to be sure late MLS updates are incorporated. Official May data will be available June 10th.

Buyer Intensity

Red Bars: Sellers Market | Green Bars: Buyers Market
Gray Bars: Balanced Market

[click for more detail]

The Loudoun Buyer Intensity Index (Loudoun BII) is simply an indicator of buyer intensity at any point in time (monthly). Positive index values means more property is being sold than there are active listings. Negative index values means fewer properties are being sold when compared to total active listings. Values close to zero indicates a relatively balanced market; number sold is close to number active. An out of balance condition exists when the difference between sold and active is greater than 25% of the number of actives or when the difference is less than 20% of the number of total actives.

Data Points

Loudoun County \| Residential Property
April 2006	Trend ↑↓		Sell	Buy
■ 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
May 2006 Unofficial	Trend* ↑↓		Sell	Buy
■ Avg Sales Price	$553,426	↑	■	■
■ YTD Avg Price	-0.06%	↓	■	■
■ New Listings	1,453	↓	■	■
■ Active Listings	4,413	↑	■	■
■ New Contracts	378	↓	■	■
■ Number Sold	415	↓	■	■
■ Weeks Backlog	23.9	↑	■	■
■ Days on Market	68	↓	■	■
■ % of List Price	96.0%	↓	■	■
■ Builders Sold	40	↓	■	■
■ Buyer Intensity*	-0.82	→	■	■
Competition:	+++Favorable to buyers
Market Momentum:	Buyers
Price Momentum:	Buyers
Trend: change from previous month Index: Sold is 82% lower than total active

About Market Trends: Data for the tables and charts is derived from the local MLS (MRIS), the Dulles Area Association of REALTORS® and the Northern Virginia Association of REALTORS®. Official public data is normally availble by the 10th of the month following the month in question.

Comment on Loudoun Real Estate Snapshot | May 2006. Follow this article is off. More articles like this one filed in: Market Trends at a glance

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Loudoun Real Estate Snapshot | May 2006

June 1, 2006

Buyer Intensity

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