Real Estate Market Conditions for Leesburg, Virginia

As of July 7, 2008, there are 808 active residential listings in Leesburg and the average number of days on market is 157. The list prices range from $75,000 to $5,000,000; the average list price is $588,982 and the median list price is $457,725. The current market absorption rate is 6.21.

130 residential sales in Leesburg closed during the month of June 2008 (up from 93 sales closed in May). These sales ranged in price from $81,000 to $3,199,000.

The average list price was $492,851 (up from $412,972 in May) and the average net sales price (less seller concessions) was $461,373 (up from $391,909 in May).

The median list price was $381,450 (up from $368,500 in May) and the median net sales price was $354,625 (down from $360,000 in May).

For sales closed in June, the number of days on market ranged from 0 to 580 and average number days on market was 136 (up from 112 in May).