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 |
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|---|---|---|---|
| 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 |
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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 info@heatherelias.com)
Cheers,
Heather
Tags: Ashburn, Condos, Days on Market, Inventory, LoCo, Loudoun County, Median Price, statistics, Townhomes
