Stats That Make You Go Hmmm…

    Most of the time, when I pull up the statistics for a town or zip code, I can look at different types of statistics and see how they are working in conjunction with each other, and it meshes with what I am seeing in the marketplace. I have to say, though, that when I look at the condo/townhome market statistics for Ashburn right now, I’m left scratching my head….not over the stable median price, or the steadily dropping inventory, but the rising days on market sticks out like a sore thumb! Granted, seeing a jump up from 112 days to 125 days isn’t huge, but if this is a new trend, I can’t tell where it is coming from. If the days on market keep going up, then inventory should flatten out…Guess this is just one stat we are going to have to keep an eye on!

    7-day stats for Condos/Townhomes in

    ASHBURN, VA as of September 11, 2009

    Median List Price $299,900 Average List Price $299,141
    Total Inventory 217 Price per Square Foot $155
    Average Home Size 1,950 Median Lot Size n/a
    Average # Beds 2.91 Average # Baths 3.22
    Homes Absorbed 14 Newly Listed 8
    Days on Market 126 Average Age 10
    Median Price for homes in ASHBURN, VA All ZIP CodesMedian Price $299,900
    Inventory for homes in ASHBURN, VA All ZIP CodesInventory 217
    Average Days on Market for homes in ASHBURN, VA All ZIP CodesAverage Days on Market 126

    Questions? Just hit that Ask Heather button at the top and reach out to me! (Or if you prefer, call me on my cell phone at 571-233-5491 or email me at


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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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