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Updated Market Conditions for Leesburg, Virginia

By
Real Estate Agent with Keller Williams Realty

As of August 10, 2008, there are 752 active residential listings in Leesburg and the average number of days on market is 167. The list prices range from $69,900 to $5,000,000; the average list price is $608,025 and the median list price is $465,500. The current market absorption rate is 6.65.

113 residential sales in Leesburg closed during the month of July 2008 (down from 130 sales closed in June). These sales ranged in price from $65,626 to $1,187,385.

The average list price was $431,569 (down from $492,851 in June) and the average net sales price (less seller concessions) was $416,139 (down from $461,373 in June).

The median list price was $419,900 (up from $381,450 in June) and the median net sales price was $395,000 (up from $354,625 in June).

For sales closed in July, the number of days on market ranged from 0 to 781 and average number days on market was 144 (up from 136 in June).

Home Sales - Leesburg VA Average Days on Market - Leesburg VA http://www.glendacherry.com/GlendaCherry2_sells_bz/files/ccLibraryFiles/Filename/000000000081/Leesburg-Avg-DOM.jpg

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Recent home sales in Leesburg, Virginia