Ashburn, VA Market Report – 6/26/13

26 Jun
June 26, 2013

20147 and 20148

The Ashburn market is “Red Hot!”

The total sales volume year over year is up 63%, sold units are up 47%, and the average sales is up 11% – all year over year.  This amazing market trend is being driven by historically low interest rates, coupled with the lowest inventory in Northern Virginia in over 5 years.  There is less than a 30 day supply of homes in the Ashburn market.  The re-sales and new home sales continue to surge upward.

May 2012 May 2013 % change
Total Sales Volume $55,197,827 $90,342,015 63%
Sold units 128 189 47%
Avg. sold price $431,233 $478,000 11%
Avg. DOM 43 30 -30%
Pending contracts 208 224 7.6%
Active listings 237 295 24%

Do you live in Ashburn and are you considering? With positive signs of employment recovery, nationally coupled with the fact that Northern Virginia continues to remain the lowest in unemployment rate of any major Metropolitan areas in the Country, now is the time to consider selling.  Interest rates continue to remain low, so think positive and Buy or Sell Now!

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew, Managing Broker, Avery Hess, Realtors, Dulles Regional Office, Centreville, VA 20120

Erica Higgins

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

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