Leesburg, VA Market Report – 5/9/13

10 May
May 10, 2013

Leesburg, VA. 20175 and 20176

Wow, another great year for the Leesburg Market!  When we last visited the Leesburg market in November of 2012, it was coming out of the foreclosure/short sale market. Now, it’s enjoying the strong market fueled by low inventory, coupled with low interest rates. Average sales price is up over 10%, total sales volume is up an astounding 37% and pending sales are up 6%.
April 2012 April 2013 % change
Avg. Sales Price $404,389 $449,9932 11%
Avg. DOM 68 58 -14%
Total Unit Sales 106 131 24%
Active listings 354 298 -18%
Pending Sales 229 243 6%
Northern Virginia is enjoying the lowest inventory in the past 5 years! Coupled with the continuance of the historic lowest interest rates and lowest unemployment of any major market in the country, I expect this trend to continue and grow through the Summer and Fall.
Now is the time to sell and move up or downsize. Whatever your motivation, be sure you interview at least 2 qualified Realtors. When considering Realtors, remember to compare their individual accomplishments as well as those of their company. Avery Hess would appreciate being included in this process!
Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew, Avery Hess, Realtors, Dulles/Westfields Regional Office .
Search for homes in Leesburg, VA and the entire DC Metro:www.averyhess.com

 

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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