Ashburn Rental Market Update for January 7, 2008:

•·        Current rental inventory = 91 homes.

The number of available rental properties decreased by 35 since Mid-December 2007, however, despite that decrease, it is taking longer than 3 months to rent the average property in Ashburn.  Some of this slowdown may be due to the season and the brisk rental activity we had before the holidays.

•·        Rental price range for 20147 and 20148 = Low $1005 - High $2,800.

•·        Number of properties rented or applied for rental = 26.

This pace is back down to near the normal rate of 30-40 rentals per month.

•·        Current absorption rate or average length of time an Ashburn home stays on the rental market = 3.5 months.  This figure has also increased from just less than 2 months of inventory in December.

If you would like to know specific details about homes in your neighborhood call me at 703-728-7060 or check out the free MLS search on my website @ http://www.realestate777.com.

I am here for you every step of the way.

- Jamie Casamento, Realtor ERA Teachers, Inc.