Having already checked out the single family homes market in Sterling and Ashburn, what’s going on in Leesburg, and how does it compare? Here are the charts, as of this week:
So median price is trending up, with a 6% gain since January, although it’s down (barely, 1.6%) versus April 2010. Inventory is up 12% compared to this time last year, and average days on market is up 16% over the same time period. The increase in days on market is likely because last year, we were working through the end of the first time homebuyer tax credit, and houses were flying off the market the closer we got to that deadline. Median price per square foot, meanwhile, jumped up 19% since October, after having held steady for well over a year.
What does this mean for you as a homeowner or potential buyer? If you are thinking about moving this spring, get information that is more specifically tailored to your situation. And if you don’t have an agent to work with, please give me the opportunity to earn your business. It’s what I’m here for, after all.
(another photo credit to Mom and Dad, and their garden)