Luxury Homes
Over the last 14 days, buyers are not active — a sign this dramatic current surge hasn't yet been tested by fresh demand.
Market Update: Piedmont*'s luxury inventory and contracts have both doubled, but inactive buyer traffic over the last 14 days raises questions about how broad-based this surge really is. Last 14 days, buyer activity is quiet. This week is not a good time for sellers to bring homes on the market.
Piedmont* Luxury Market
|
Current Market 30 Day Inv200%
30 Day Sales200%
%UC25% (Buyer's)
14 Day Absorption Rate0%
|
Year to Date YTD Inv17%
YTD Sales0%
Success Rate71%
YTD Prices4%
|
A 71% success rate shows solid conversion even though sales stayed flat this year.
Year to Date News: A 71% success rate shows solid conversion even though sales stayed flat this year, with prices up a steady 4%.
| Rank | Market | 30D Inv | 30D Sales | %UC | 14D Absorption | Control |
|---|---|---|---|---|---|---|
| 1 | Aldie | -39% | -44% | 32% | 29% | Buyer's |
| 2 | Haymarket | 113% | 13% | 29% | 32% | Buyer's |
| 3 | Round Hill | 0% | 100% | 28% | 0% | Buyer's |
| 4 | Ashburn* | 33% | -30% | 26% | 10% | Buyer's |
| 5 | Piedmont* | 200% | 200% | 25% | 0% | Buyer's |
| 6 | Leesburg* | 33% | 57% | 22% | 15% | Buyer's |
| 7 | Warrenton | 100% | 150% | 18% | 0% | Buyer's |
| 8 | Purcellville | 0% | 38% | 0% | 10% | Buyer's |
| — | Averages | 12% | 3% | 27% | 13% | Buyer's |
| Rank | Market | YTD Inv | YTD Sales | Success | YTD Prices |
|---|---|---|---|---|---|
| 1 | Round Hill | -8% | 125% | 82% | 0% |
| 2 | Ashburn* | 16% | 14% | 75% | 0% |
| 3 | Aldie | -5% | -3% | 74% | -5% |
| 4 | Piedmont* | 17% | 0% | 71% | 4% |
| 5 | Haymarket | 6% | -2% | 67% | -3% |
| 6 | Warrenton | 30% | 45% | 66% | 0% |
| 7 | Purcellville | -1% | 5% | 66% | 0% |
| 8 | Leesburg* | 2% | -4% | 63% | 0% |
| — | Averages | 6% | 13% | 69% | 1% |