Here are the September 2008 statistics for the Leesburg real estate market (20175 and 20176 zip codes):
Leesburg - 20175 - September 2008
- New listings = 52. This is a 20 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 36. This is a 45 increase in buyer demand as compared to September 2007
Leesburg - 20176 - September 2008
- New listings = 101. This is 29 percent decrease in new inventory as compared to September 2007
- Solds (Under Contract) = 71. This is a 236 percent increase in buyer demand as compared to September 2007
Though buyer demand increased significantly year-over-year in the 20175 zip code of Ashburn, it really spiked in the 20176 zip code. These statistics confirm what my clients and I have been seeing and feeling while searching for and writing offers on properties - there are less properties to choose from and more buyers fighting for the same property.
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