Skip to main content
Loudoun County | Ashburn VA | Sterling VA Real Estate - Homes For Sale
Loudoun County Real Estate, Ashburn VA Real Estate, Leesburg VA Real Estate - Property Search
Loudoun County Real Estate, Ashburn VA Real Estate, Leesburg VA Real Estate - Featured Listings
Real Estate Blog
Active Adult 55+ Communities
Mixed-Use Urban Living Communities
Larger Homesite Communities
GOLF COURSE Communities
New Construction
Loudoun County Real Estate - Homes For Sale | Virginia Realtor
Fairfax County Real Estate - Homes For Sale | Virginia Realtor
Prince William County Real Estate - Homes For Sale | Virginia Realtor
Loudoun County Real Estate - Buy a Home
Loudoun County Real Estate, Ashburn VA Real Estate, Leesburg VA Real Estate - Sell a Home
Loudoun County Real Estate, Ashburn VA Real Estate, Sterling VA Real Estate  - About Me

 Real Estate Blog 
Thursday, September 12 2013

DC Metro Price Increases Continue into August as Demand Remains Strong

Posted on September 09, 2013 by Corey Hart, RBIntel

Even with double-digit gains in new listings, overall inventory remains low


Demand remained strong in the Washington DC Metro Region in August.  The number of sales and pending contracts increased.  Inventories continue to decline, but the pace has slowed to a single digit year-over year decrease.  New listings continue to increase and mitigate the decline of inventories.  Demand for smaller units in the market continues to drive much of the overall sales.  Sales of units smaller than 800 square feet increased by 35.6 percent from last August, which is over double the 13.8 percent increase for all units.  Condo sales drove the majority of the increases in both sales and new contracts.  Units between 800 and 1,000 square feet had a median sales price increase of 21.7 percent, or nearly three times the 7.8 percent increase for all units.  The overall high demand and low supply contributed to median sale price gains within the region and resulted in the highest August-level median sales price in eight years.  The median days-on-market continues to be historically low, and is now at its lowest August-level since 2005.  Rising prices and strong demand may encourage new sellers to enter the market, increasing new listings and helping to meet pent up demand.




Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Posted by: Marilee Murphy AT 05:36 am   |  Permalink   |  Email

Home | Property Search | Featured Listings | Neighborhoods  | Free Listing Updates | Dream Home Finder | Your Home's ValueHow's The Market | Sell a Home | Buy a Home | Loudoun County Real Estate |Sterling / Potomac Falls Real Estate | Ashburn Real Estate | Leesburg Real Estate | Aldie, VA Real Estate | Chantilly, VA Real Estate | Fairfax County, VA Real Estate  | Prince William County, VA Real Estate | |Golf Course Communities | Active Adult Communities | About Me  | Blog

Marilee Murphy Associate Broker, CRS, GRI, ABR, e-Pro
Long & Foster REALTORS®

Long & Foster Real Estate, Inc.

Cell: (703) 217-0697
Fax: (703) 485-4633

Murphy & Murphy Designations

Terms of Use - Privacy Policy - Contact Policy

Real Estate Logo Design, Real Estate Website Design &
Real Estate Marketing Services Provided by:

Pro Step Marketing

Site Map

Copyright©  Marilee Murphy , All Rights Reserved.

Site Powered By
    Online web site design