Leesburg is a very stable real estate market. Check out the stats below and see for yourself.
The figures below reflect the Leesburg, Virginia market during the month of September 2010.
- Homes for sale: 570 (down a little from 585 in August and about the same as 571 one year ago)
- Homes sold: 87 (about equal to 86 last month and 88 one year ago)
- Average sold price: $410,491 (down from 431,213 in August but up from $400,991 same time last year.)
- Average days on market: 57 (down from 63 in August and down from 66 one year ago.)
One year ago the sales were influenced by the First Time Homebuyer Tax Credit. This year’s numbers are without benefit of a tax credit. Proof that buyers do not need stimulus from the government to know a good value when they see it and here in Leesburg it can’t be missed!
Interest rates are in the 4s. Is now a good time to buy? You decide.
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