Sterling, VA Market Report – 12/4/09

04 Dec
December 4, 2009

The following report represents the market conditions in Sterling, Virginia:

  • Homes for sale: 426
  • Closed sales: 121
  • Average sold price: $352,288
  • Average days on market: 45

The average sales price in Sterling keeps going up each month and is now 14.6% higher than one year ago. Also, the time it takes to sell a house in Sterling is less than half the time it was taking at the same point last year, when the average days on market was at 95 days. Available inventory is now 18.7% less than what a buyer had to choose from just a year ago.

Investors are an active part of the market and are competing with first-time buyers and causing price wars, which are driving up the prices again. Sterling is well-located to the employment centers of Tysons Corner, Route 28, and Route 7 Bio Tech Corridor.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Sterling, and all of the DC Metro: www.averyhess.com

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