Ashburn, VA Market Report – 11/29/10

29 Nov
November 29, 2010

Ashburn is following the normal seasonable pattern of softening prices and reduced inventory as we approach the holiday season. For some very focused buyers, the next six weeks will be the best time of year to buy a new home since there are fewer buyers in the marketplace to compete with. The stats and analysis for Ashburn are as follows:

  • Homes for sale: 466 (down from 495 in September and up from 391 one year ago)
  • Homes sold: 90 (down from the 101 units in September and down from last year’s 102 units)
  • Average sold price: $410,646 (down from $445,265 last month but still up from $382,665 last year)
  • Average days on market: 50 (amazingly stable in the 40-50 day range for the last year)

When you read in the paper about falling real estate prices nationwide, they are NOT talking about Ashburn.  This area has had steadily rising prices for almost two years now. Not only are the prices stable to rising, it is also a genuinely great place to live!

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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