Still Selling Like Hotcakes!

Take a peek at the charts below, which give you a snapshot of both the single family home market and the condo/townhome market in Sterling, Ashburn, and Leesburg. One of the main things that jumps out at me is how the “Homes Absorbed” compare to the “Newly Listed”~~since in all cases those numbers are very close, it shows us that houses are pretty much selling as fast as they are hitting the market. Our inventory level isn’t increasing as the summer months wane, as it usually does.

You can also get a feel for what is selling the fastest by looking at the days on market.  Not surprisingly, the condos and townhomes, which are lower price points for the most part, are selling more quickly than the single family homes.  (In Sterling, the days on market are similar for single family homes and condo/townhomes, but there are a slew of older single family homes in the same price bracket as the condo/townhomes.)

Sterling Single Family Home Stats

Sterling Condo and Townhome Stats

Ashburn Single Family Home Statistics

Ashburn Condo and Townhome Statistics

Leesburg Single Family Home Stats

Leesburg Condo and Townhome Stats

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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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