ASHBURN REAL ESTATE STATISTICS in 20148 CONTINUE TO REFLECT A SELLER’S MARKET AND GREAT NEWS FOR SELLERS!
These Ashburn Real Estate statistics are a reflection of April 
2013 Stats for the 20148 zip code. If you would like to see more specific statistics for your specific area, i.e. a different zip code, neighborhood or a specific price range and geography please click here and make your request.
TOTAL ASHBURN HOME SALES IN APRIL
In April 2013 there were a total of 54 homes sold in the 20148 zip code. This is an increase of 6% over March sales. Of those sold 9 were condos, 21 townhomes and 24 were single family detached homes. The 24 single family homes trumped the previous month's sales by 4%. That's great news for Sellers!
AVERAGE ASHBURN HOME SALE PRICES IN APRIL
The average sale price for Condos was $250,336 down 0.5% from the previous month. Townhomes average sale price was $392,843 down 8% from the previous month. The average Single Family home price was $699,161 up about 3% from the last month.
AVERAGE DAYS ON THE MARKET FOR ASHBURN REAL ESTATE FOR SALE IN APRIL
The great news for sellers is that this continues to be a sellers market with low inventory and decreasing days on the market. Average Days on the Market for Condos increased from 26 days in March to 31 days in April; For townhomes Days on the Market dropped from 45 days in March to 19 days in April; Last but not least is Days on the Market for Single Family homes dropped from 57 days in March to 18 Days in April.
So just like the AT&T commercial says.....relative to tying a Cheetah on Grandma's Back....Faster is Better Right?..... You Bet!
ABSORPTION RATE STATISTICS FOR ASHBURN HOMES FOR SALE
So what is absorption rate? I'm glad you asked! Absorption Rate is how many homes are sold in a given period of time. So if 120 homes sold in the
last 12 months, then the absorption rate is 10 homes per month. So why is this important you ask? It is only through absorption rate that one can define a market in terms of Seller Market, Buyers Market or a Balanced or Normal Market.
WHY IS ABSORPTION RATE IMPORTANT?
Because it determines how quickly homes move on and off the market....and you want to know that right? So you know how long it will take you to sell your home if priced properly, so you can make that move for your job, or buy that move-up home, or be able to predict with some level of certainty how long you have to keep your house clean and have people going through it when you have it for sale.
ASHBURN REAL ESTATE STATISTICS - ABSORPTION RATES
Okay so the absorption rate for condos is: 63 sold in the last 12 months or 5 per month. The absorption rate for Townhomes is: 317 sold in the last 12 months or 26 per month. The absorption rate for Single family detached homes is: 343 sold in last 12 months or 29 per month.
PUTTING IT ALL TOGETHER!
So to make sense of all this you need to know the current inventory of homes so, as of May 1st here is the scoop! There are currently 16 condos on the market so that represents a bit more than 3 months of inventory at the current absorption rate. 33 Townhomes are on the market which represents just more than a month of inventory and finally there are 46 single family homes on the market that represent a bit less than 2 months of inventory.
According to the National Association of Realtors:
A Sellers market is defined by 1-4 months of inventory
A Normal Market is defined by 5-6 months of inventory
A buyers Market is defined by 7+ months of inventory
So that is great news for sellers!
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