Ashburn continues to lead LoCo in median price for single family homes, despite dropping 5% in the last two months. Combined condo and townhome values are up 3% over the same span, bringing them to a two year high.
Inventory, which had been on the rise for the last 12 months, seems to be leveling off.
Considering that the inventory has doubled, days on market for single family homes equaling last September is a good sign. Condos and townhomes are taking a little longer to sell, but median sales price has increased.
Curious about how this affects the value of your home, contact us.
Cheers,
Mike
