The Long & Foster Market Minute

Focus On: Ashburn Housing Market December 2022

Zip Code(s): 20147 and 20146
Units Sold
48
Active Inventory
43
Median Sale Price
$593,745
Days On Market
24
Down
Vs. Year Ago
Up 95%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 41%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 48 sold this month in Ashburn Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 95%. The total number of active inventory this December was 43 compared to 22 in December 2021. This month's total of 43 is lower than the previous month's total supply of available inventory of 67, a decrease of 36%.

Median Sale Price
Last December, the median sale price for Ashburn Homes was $565,000. This December, the median sale price was $593,745, an increase of 5% or $28,745 compared to last year. The current median sold price is 2% higher than in November.

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


New Listings
30
Current Contracts
35
Sold Vs. List Price
98.9%
Months of Supply
0.9
Down -21%
Vs. Year Ago
Down -19%
Vs. Year Ago
Down -2.5%
Vs. Year Ago
Up 233%
Vs. Year Ago

Months of Supply
In December, there was 0.9 months of supply available in Ashburn, compared to 0.3 in December 2021. That is an increase of 230% 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 30 homes newly listed for sale in Ashburn compared to 38 in December 2021, a decrease of 21%. There were 35 current contracts pending sale this December compared to 43 a year ago. The number of current contracts is 19% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Ashburn was 98.9% of the average list price, which is 2.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 17, an increase of 41%.

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.