Townhouse sales in McLean for the month of August didn't show any major deviations from recent August sales. With less than 10 sold in each of the previous five Augusts, it's difficult to draw any significant conclusions because of the small number of data points.
The median list ($755,000) and median sold ($735,000) for August 2010 was higher than August 2008 and August 2006, although this is skewed by the one town home that sold for nearly $1.4 million last month. The median days on the market is probably the best indicator of market strength, particularly with fears of slowing sales, and the 42 for August 2010 is in line with previous Augusts.
Please see the chart below for more details. Information is gleaned from the MRIS.
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