Still Going Down, Down, Down…

Pretty easy to see from that graph that single family home inventory is still dropping like a rock in Ashburn right now. Homes absorbed is still outpacing homes listed…a grand total of 14 single family homes came on market last week in all of Ashburn. Still feel like a buyers’ market? I hear agents in my office asking around now, “Hey, I have a buyer that needs…” (whatever type of home, whatever price range)..”Anybody have a listing coming up that might fit?” Times have changed rapidly from the high days on market, high inventory from last year…

90-day stats for Single Family properties in
ASHBURN, VA as of August 21, 2009
Median List Price $602,608 Average List Price $631,380
Total Inventory 219 Price per Square Foot $153
Average Home Size 3,944 Median Lot Size 10,474
Average # Beds 4.31 Average # Baths 4.23
Homes Absorbed 16 Newly Listed 14
Days on Market 161 Average Age 10
Inventory for Single Family properties in ASHBURN, VA All ZIP CodesInventory 219

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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.

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