Ashburn, VA Market Report – 6/2/10

02 Jun
June 2, 2010
After rising steadily from the bottom of the price cycle in December 2008, Ashburn, based on these statistics, is the rock of stability, despite this big one month spike in average sales price.
  • Homes for sale: 516 (up from 458 last month and up from 479 one year ago)
  • Home sold: 116 (up from 109 last month and up from 93 in April 2009)
  • Average sold price: $429,339 (big jump from last month at $405,379 and $406,660 one year ago)
  • Average days on market: 55 (up from 49 days last month but down from 84 one year ago)

Supply is growing, but so is demand. A six month supply is considered a balanced and healthy market. At the present rate of sales Ashburn has just over a four month supply. That is bullish for rising prices. And with interest rates at or below 40 year lows, there is still room for this rally to run.

Market report provided by David Hess, Executive Vice President, Avery-Hess, Realtors.

Search for Homes in Ashburn, VA: www.averyhess.com

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