Sterling, VA Market Report 5/24/11

24 May
May 24, 2011

As the spring market moves forward in full swing, the Sterling market bucks the trend with fewer listings than April 2010.  This is the result of fewer foreclosure properties in a market that was heavily dominated by those properties last year.

 

April 2010 April 2011 % change
Avg. Sales Price $331,281 $339,533 2.5%
Avg. DOM 24 40 66%
Total Unit sales 132 108 -24%
Active listings 208 147 -29%

 

All indications are showing that the Sterling market will enjoy a steady increase in value.  The loss of the Federal Income tax credit has had a definite influence on the number of sales, due primarily to the price range which is very favorable to 1st time buyers.

Commentary and analysis provided by Jim Agnew, Avery Hess, Realtors, Dulles/Westfields Regional Office
Search for homes in Sterling, VA and the entire DC Metro:www.averyhess.com

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