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McLean's August Single Family Home Sales Steady

Posted By Craig Richardson @ 9:13am In: McLean Real Estate Market

Single family home sales in McLean last month were generally on par with previous Augusts.  42 homes changed hands in August 2010, which, while the lowest of the past five Augusts, is still close to August 2009 (46), August 2008 (47), and August 2006 (45).  The median days on the market last month for single family homes was 40, which is significantly less than August 2009 (67) and August 2008 (73).  Only August 2007 had a shorter days on the market (30) for single family homes in McLean.

Prices for single family homes in McLean continued their slide.  The August 2010 median list price of $944,500 and median sold price of $899,500 for single family homes is the lowest in both categories when compared to the previous five Augusts.  The August 2010 median sold price is approximately $40,000 less than the August 2009 median sold price, for example.

Please see the chart below for a look at McLean's single family home sales for the previous five Augusts.  Data is gleaned from MRIS.

McLean August 2010 Single Family Home Sales Craig Richardson

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