Ashburn Real Estate Market Statistics – October 2008

Here are the October 2008 statistics for the Ashburn, Virginia real estate market. The statistics cover supply (new listings) and demand (solds). To make it easier, I broke it down by the two Ashburn zip codes, 20147 and 20148.

Ashburn – 20147

The 20147 zip code includes areas such as Ashburn Farm, Ashburn Village, Belmont Country Club, Belmont Greene and Belmont Ridge…

   

The number of new listings in October '08 was slightly lower than in September '08 and significantly lower than in October '07. This shows that the trend of a diminishing inventory in Ashburn continues.

The number of properties that sold (went under contract) in October '08 was lower than the previous month, but was significantly higher than the previous year.

Ashburn – 20148

The 20148 zip code includes areas such as Loudoun Parkway Center, Broadlands and Brambleton…

 

The number of new listings in October '08 was slightly lower than in September '08 and significantly lower than in October '07. This also goes along with the trend of a diminishing inventory throughout Ashburn.

The number of properties that sold (went under contract) in October '08 was only half that of the previous month and lower than the previous year. This is not a good sign for the 20148 real estate market and I hope to see buyer demand increase this month and moving forward.

Overall, the Ashburn market is showing mixed signals. The 20147 zip code shows continuing of improvement while the 20148 zip code's low buyer demand is not a good sign.