Ashburn Real Estate Market Statistics (20147, 20148) – September 2008

Here are the September 2008 statistics for the Ashburn real estate market (20147 and 20148 zip codes):

Ashburn – 20147 – September 2008

• New listings = 86. This is an 11 percent decrease in new inventory as compared to September 2007
• Solds (Under Contract) = 71. This is a 40 percent increase in buyer demand as compared to September 2007

Ashburn – 20148 – September 2008

• New listings = 31. This is a 9 percent decrease in new inventory as compared to September 2007
• Solds (Under Contract) = 31. This is a 258 percent increase in buyer demand as compared to September 2007

Though buyer demand increased significantly year-over-year in the 20147 zip code of Ashburn, it really jumped in the 20148 zip code. In fact, the 20148 zip code had the same number of sales last month as it did new listings (31).

These stats confirm what's being felt on the "street" - there are less properties to choose from and more buyers fighting for the same property. This is especially true with properties in the lower price brackets and those that are great deals. This bodes well for sellers and the market as a whole though it's not news most buyers want to hear.

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