The Long & Foster Market Minute

Focus On: Ashburn Housing Market August 2021

Zip Code(s): 20147 and 20146
Units Sold
144
Active Inventory
58
Median Sale Price
$610,000
Days On Market
11
Up 26%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 144 sold this month in Ashburn Real Estate versus 129 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 26% versus August 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 19%. The total number of active inventory this August was 58 compared to 72 in August 2020. This month's total of 58 is lower than the previous month's total supply of available inventory of 80, a decrease of 28%.

Median Sale Price
Last August, the median sale price for Ashburn Homes was $535,000. This August, the median sale price was $610,000, an increase of 14% or $75,000 compared to last year. The current median sold price is 2% 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
119
Current Contracts
121
Sold Vs. List Price
101.7%
Months of Supply
0.4
Down -5%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In August, there was 0.4 months of supply available in Ashburn, compared to 0.6 in August 2020. That is a decrease of 36% versus 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 119 homes newly listed for sale in Ashburn compared to 125 in August 2020, a decrease of 5%. There were 121 current contracts pending sale this August compared to 116 a year ago. The number of current contracts is 4% higher than last August.

Sale Price to List Price Ratio
In August, the average sale price in Ashburn was 101.7% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 12, a decrease of 8%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.