Nothing Shocking…Stability is Good

    Single Family Homes

    [altos_stat_table st=”VA” cid=”1977137″ zid=”2874825″ rt=”sf” format=”wide” endDate = “2009-11-27″/]

    Condos and Townhomes

    [altos_stat_table st=”VA” cid=”1977137″ zid=”2874825″ rt=”mf” format=”wide” endDate = “2009-11-27″/]

    In Ashburn, for the week ending November 27th, it looks like the real estate market is still steady as she goes. We are still seeing homes generally being absorbed (going under contract or off market) at basically the same pace as new listings are coming on market (therefore, inventory is still not growing). Average price per square foot is right around $160 no matter what your home type. The average days on market is still considerably less for condos and townhomes than it is for single family homes, even though the inventory numbers are similar. (That’s because of the lower price range being a touch more active.)

    Questions? Want to know what these numbers mean in terms of your home value? Just reach out to me and ask, it’s what I do. (smile)



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    About our blog

    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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