Looking at the data from July 2010 and comparing it to the previous five July's shows that market for townhouses softened in McLean last month. Only eight townhouses traded hands in July, compared to 15 in July 2009. Also, the days on the market climbed to 57 last month, up from 36 in July 2009. Finally, the median list ($624,500) and the media sold ($596,500)
As I've mentioned before, analyzing monthly townhouse sales for McLean can be difficult since there aren't that many of these types of properties compared to other areas. More will be revealed with we can look back at the third quarter as a whole.
Please see the chart below for a comparison of townhouse sales for the past six July's. Data is gleaned from the MRIS.
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