September 2021 Loudoun County Market Indicators

Peter Leonard-Morgan
Oct 26, 2021
1 min read

The September 2021 Loudoun County market indicators show signs of returning to a more balanced market. While September sales in Loudoun County were down 10.5% YOY, when compared to 2019, it is stronger. What does this all suggest? Perhaps that buyers who were shut out will now return to the market, while sellers will still experience strong returns in short timeframes. Win-win. Key is still price, condition and location. There’s no getting around that maxim. Yet prices have been moving up continually, and the report demonstrates that, showing overall median prices up almost 10% as compared to September 2020.

Loudoun County Housing Market Snapshot 9/2020 to 9/2021

Mortgage rates have been inching up, primarily thanks to inflation concerns, but are still at extremely low levels. To paraphrase my friend and loan officer, Tan Tunador with ACM (Atlantic Coast Mortgage), "They [rates] are still near historic lows (remember the 6,7,8 or even over 10% rates?). Once the consumer gets the sub-3% rates our of their minds the low 3s will be the new normal again."

Whether you are considering buying or selling in Western Loudoun, Great Falls, Middleburg, or beyond — or simply wish to stay informed about this remarkable market — I would be delighted to hear from you. Reach me directly at (443) 254-5530, or use the Contact Form on my website. My approach is straightforward: clients come first, always.