McLean/Tysons Corner, VA Market Report – 4/11/2012

11 Apr
April 11, 2012

The numbers below include the recent sales activity in both zip codes 22101 and 22102 in McLean, Virginia. While total revenue and units sold are down in February from January, so was the average sales price. Could the large average days on the market in February mean that the homes NOT selling are harder to market?  If your home is priced right and looks good it’s selling in today’s market.

February 2012 February 2011 January 2012
Total Revenue $27,971,890.00 $27,337,754.00 $42,076,400.00
Avg Sold Price $874,122.00 $805,585.50 $1,034,244.50
Units Sold 32 33 41
Average Days on Market 145 116 132
Active Listings 204 228 199
New Listings 82 74 77
New Pending Sales 54 54 40

If you look around you’ll notice more and more homes coming on the market.  The “For Sale” signs are popping up like the flowers just in time for our early Spring market.  Demand is high.  Why not take advantage and buy your dream home while interest rates are low?  It’s still a great day for real estate!   Call on us at Avery-Hess, Realtors to answer any questions you may have about today’s changing market.

Better yet, check out our new website at www.AveryHess.com.

Market data and commentary provided by Pattie Mancini

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