No Surprises Here, Prices Up, Inventory Down…

Dramatic graphs, huh? Doesn’t take a rocket scientist to see what the trends are for single family homes in LeesburgInventory is still contracting, while median price has risen from a low of  around $607,000 in April to the current $640,943.  I’m watching to see what happens after November 30 and the first time homebuyer tax credit ends; that has been the driving force in our local market. For now, though, the upswing in homes under contract continues!


90-day stats for Single Family properties in
LEESBURG, VA as of August 21, 2009
Median List Price $640,943 Average List Price $820,165
Total Inventory 363 Price per Square Foot $154
Average Home Size 4,399 Median Lot Size 15,447
Average # Beds 4.27 Average # Baths 4.41
Homes Absorbed 26 Newly Listed 20
Days on Market 190 Average Age 23
Median Price for Single Family properties in LEESBURG, VA All ZIP CodesMedian Price $640,943
Inventory for Single Family properties in LEESBURG, VA All ZIP CodesInventory 363

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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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