In the Leesburg, Virginia 20175 and 20176 zip codes, 96 homes sold in the month of October. There are currently 538 homes on the market, up 28% from October of 2013. There were 142 new listings added to the market for October. The median sales price was $377,500 and the average days on the market is 47. An increase of 15% from one year ago. It's currently a sellers market in Leesburg but that is slowly trending towards a more balanced market, with a sharp increase in housing inventory. The absorption rate for Leesburg is at 5.5 months, which is the total amount of time it would take to sell all homes currently on the market.
I hope that this is both helpful and insightful. Feel free to contact me for any other specific questions about the market conditions in Leesburg.
Cell: (703) 300-0367
Office: (703) 669-0099
Fax: (703) 669-4104
Keller Williams Realty
50 Catoctin Circle NE
Leesburg, VA 20176
Licensed in Virginia
Visit my website at: www.MattShultzHomes.com
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