The Long & Foster Market Minute

Focus On: Leesburg Housing Market June 2021

Zip Code(s): 20175 and 20176
Units Sold
190
Active Inventory
73
Median Sale Price
$675,000
Days On Market
8
Up 35%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -62%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 190 sold this month in Leesburg Real Estate versus 178 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 35% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 79 units or 52%. The total number of active inventory this June was 73 compared to 152 in June 2020. This month's total of 73 is higher than the previous month's total supply of available inventory of 61, an increase of 20%.

Median Sale Price
Last June, the median sale price for Leesburg Homes was $572,000. This June, the median sale price was $675,000, an increase of 18% or $103,000 compared to last year. The current median sold price is 1% 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
186
Current Contracts
159
Sold Vs. List Price
103.0%
Months of Supply
0.4
Up 13%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 2.9%
Vs. Year Ago
Down -65%
Vs. Year Ago

Months of Supply
In June, there was 0.4 months of supply available in Leesburg, compared to 1.1 in June 2020. That is a decrease of 64% 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 186 homes newly listed for sale in Leesburg compared to 165 in June 2020, an increase of 13%. There were 159 current contracts pending sale this June compared to 181 a year ago. The number of current contracts is 12% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Leesburg was 103.0% of the average list price, which is 2.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 8, lower than the average last year, which was 21, a decrease of 62%.

The Long & Foster Market Minute Leesburg are defined as properties listed in zip code/s 20175 and 20176.
*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.