Loudoun Real Estate Snapshot

Loudoun Real Estate Snapshot | June 2006

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July 2, 2006

Unofficial June Market update for Loudoun County, VA: Yet another sluggish month for real estate activity. Unsold inventory dropped primarily due to listings expiring at the end of the month (see Daily Market Watch), new listings are declining, number sold was about the same and under contract declined. Surprisingly, prices seem to be maintaining even though we see major price reductions on the majority of listings. Days on market is up a bit. Buyers are writing contracts on bargains and seller subsidies have become the norm.

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
May 2006	Trend* ↑↓		Sell	Buy
■ Avg Sales Price	$542.050	↑	■	■
■ YTD Avg Price	-2.6%	↓	■	■
■ New Listings	1,643	→	■	■
■ Active Listings	4,718	↑↑	■	■
■ New Contracts	469	↓	■	■
■ Number Sold	484	↑	■	■
■ Weeks Backlog	21.3	↑	■	■
■ Days on Market	70	↑	■	■
■ % of List Price	95.7%	↓	■	■
■ Builders Sold	45	↓	■	■
■ Buyer Intensity*	-0.80	↓	■	■
Competition:	+++Favorable to buyers
Market Momentum:	Buyers
Price Momentum:	Buyers
Trend: change from previous month Index: Sold is 80% lower than total active

Loudoun County \| Residential Property
June 2006 Unofficial	Trend ↑↓		Sell	Buy
■ Avg Sales Price	$536,548	↓	■	■
■ YTD Avg Price	-3.60%	↓	■	■
■ New Listings	1,466	↓	■	■
■ Active Listings	4,521	↓	■	■
■ New Contracts	349	↓↓	■	■
■ Number Sold	460	↓	■	■
■ Weeks Backlog	24	↑↑	■	■
■ Days on Market	73	↑	■	■
■ % of List Price	96.3%	↑	■	■
■ Builders Sold	38	↓	■	■
■ Buyer Intensity	-0.82	↓	■	■
Competition:	+++Favorable to buyers
Market Momentum:	Strong Buyer
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 | June 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 | June 2006

July 2, 2006

Buyer Intensity

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