Leesburg, VA Market Report – 5/13/10

13 May
May 13, 2010

With a great variety of retail and restaurants, plus houses of every size, age and type imaginable, a buyer can certainly find what they want at a price of their choosing in Leesburg, Virginia. The report below represents the market conditions in Leesburg, Virginia.

  • Homes for sale: 646 (up from 586 in March, and very close to the 662 one year ago)
  • Homes sold: 108 (double the 54 of snowy February and up from 93 in March and up from 79 same time last year.)
  • Average sold price: $420,963 (up from $380,889 last month and up from $382,406 same time last year.)
  • Average days on market: 55 (down from 79 last month and way down from 93 one year ago.)

As we have been saying over the past year, prices in Leesburg have been rising steadily since December 2008 and are still trending up. For the first time in years, we are seeing a trade up market by those homeowners who did not over finance their property during the boom. With low rates, low prices and rising confidence, healthy housing consumers have decided to come back into the market.

We do not expect the expiration of the housing tax credit to have much effect on the housing market now that the recession is ending.

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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