Ashburn Real Estate Market Update for January 7, 2008 Condos:

•·        Condominium available inventory = 91 homes.

The number of available condos in Ashburn increased by 10 homes since Mid-December.

•·        Sold price range for 20147 and 20148 = Low $210,900 - High $604,975.

•·        Sold or under contract homes over the past 30 days = 26.

Condo sales remained the same over the past month.  Sales equaled 26 in December as well however, that number was up from the previous month of 13.

•·        Current absorption rate or average length of time an Ashburn condo stays on the market = 3.5 months.  This figure has reduced dramatically since September when inventories were hovering around 8 months.  Also, this number is beginning to remain stable in the 3 to 4 month range.

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.