Ashburn Housing Market Data

There was a decrease in total units sold in August, with 65 sold this month in Ashburn Real Estate versus 68 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 27% versus August 2022.

Versus last year, the total number of homes available this month is lower by 27 units or 35%. The total number of active inventory this August was 51 compared to 78 in August 2022. This month's total of 51 is lower than the previous month's total supply of available inventory of 60, a decrease of 15%.

Last August, the median sale price for Ashburn Homes was $620,160. This August, the median sale price was $679,000, an increase of 9% or $58,840 compared to last year. The current median sold price is 1% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 0.8 months of supply available in Ashburn. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 59 homes newly listed for sale in Ashburn compared to 80 in August 2022, a decrease of 26%. There were 57 current contracts pending sale this August compared to 73 a year ago. The number of current contracts is 22% lower than last August.

In August, the average sale price in Ashburn was 100.4% of the average list price, which is 0.7% higher than at this time last year.

This month, the average number of days on market was 15, which is similar compared to a year ago.





Focus On: Ashburn Housing Market			August 2023

Zip Code(s): 20147 and 20146
Units Sold 65	Active Inventory 51	Median Sale Price $679,000	Days On Market 15

Down -27% Vs. Year Ago	Down -35% Vs. Year Ago	Up 9% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 65 sold this month in Ashburn Real Estate versus 68 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 27% versus August 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 27 units or 35%. The total number of active inventory this August was 51 compared to 78 in August 2022. This month's total of 51 is lower than the previous month's total supply of available inventory of 60, a decrease of 15%.
		Median Sale Price Last August, the median sale price for Ashburn Homes was $620,160. This August, the median sale price was $679,000, an increase of 9% or $58,840 compared to last year. The current median sold price is 1% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 59	Current Contracts 57	Sold Vs. List Price 100.4%	Months of Supply 0.8

Down -26% Vs. Year Ago	Down -22% Vs. Year Ago	Up 0.7% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 0.8 months of supply available in Ashburn. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 59 homes newly listed for sale in Ashburn compared to 80 in August 2022, a decrease of 26%. There were 57 current contracts pending sale this August compared to 73 a year ago. The number of current contracts is 22% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Ashburn was 100.4% of the average list price, which is 0.7% higher than at this time last year. Days on Market This month, the average number of days on market was 15, which is similar compared to a year ago.


	Ashburn are defined as properties listed in zip code/s 20147 and 20146.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.