The Long & Foster Market Minute

Focus On: Ashburn Housing Market June 2021

Zip Code(s): 20147 and 20146
Units Sold
155
Active Inventory
46
Median Sale Price
$645,000
Days On Market
7
Up
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 155 sold this month in Ashburn Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 19%. The total number of active inventory this June was 46 compared to 57 in June 2020. This month's total of 46 is higher than the previous month's total supply of available inventory of 41, an increase of 12%.

Median Sale Price
Last June, the median sale price for Ashburn Homes was $507,500. This June, the median sale price was $645,000, an increase of $137,500 compared to last year. The current median sold price is higher than in May.

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


New Listings
160
Current Contracts
136
Sold Vs. List Price
103.7%
Months of Supply
0.3
Up 36%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 3.5%
Vs. Year Ago
Down -44%
Vs. Year Ago

Months of Supply
In June, there was 0.3 months of supply available in Ashburn, compared to 0.5 in June 2020. That is a decrease of 45% 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 160 homes newly listed for sale in Ashburn compared to 118 in June 2020, an increase of 36%. There were 136 current contracts pending sale this June compared to 118 a year ago. The number of current contracts is 15% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Ashburn was 103.7% of the average list price, which is 3.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 7, lower than the average last year, which was 17, a decrease of 59%.

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.