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|
|Avg Sold Price||$874,122.00||$805,585.50||$1,034,244.50|
|Average Days on Market||145||116||132|
|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