Leesburg, VA Market Report – 11/6/09

06 Nov
November 6, 2009

The data below describes the market conditions in Leesburg, Virginia

  • Homes for sale: 571
  • Closed sales: 88
  • Average sales price: $400,991
  • Average days on market: 66

The average sales price of $400,991 is up 15% from the same time last year. Meanwhile the median sales price of $344,000 is up 6.9% from the same period one year ago. The selection of houses available to purchase has been reduced by 26% from one year ago and is up 5% from last month. Interest rates of approximately 5.25% and today’s prices keep the affordability index very high for both first-time and repeat buyers. Buyers are out in force to take advantage of these favorable trends.

Leesburg has a tremendous selection of retail opportunities in the Leesburg Corner Premium Outlets at the intersection of Route 7 and Route 15 in Virginia. White’s Ferry is just north of Leesburg off of Route 15 and connects Loudoun County, Virginia with Montgomery County, MD. Taking the Ferry makes for a low stress way to reduce driving between Maryland and Virginia; especially now with the changing colors of the leaves in the fall.

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

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

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