Ashburn, VA Market Report – 9/24/09

24 Sep
September 24, 2009

The following report reflects the market in Ashburn, Virginia:

  • Homes for sale: 406
  • Homes sold: 123
  • Median sales price: $410,726
  • Average days on market: 46

Ashburn is a popular community of newer homes with many community amenities. It is located near many growing employment corridors, including the Dulles Technology corridor, as well as Route 28, Tysons Corner, and Leesburg.

Homes for sale were down to 406 from 440 last month. Home sales held steady, 123 compared to 121 last month, which signifies a stabilizing market. Though median sales price was down to $410,726 versus the previous month’s $473,226, the average days on market of homes sold is only 46, down from an average of 60 days last month.

Low interest rates combined with the lower median sales prices in Ashburn has made this a very popular community, especially with buyers seeking to settle before the November 30 deadline to take advantage of the Federal Housing Tax Credit for first-time home buyers.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Ashburn, and all of the DC Metro: www.averyhess.com

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