Dec
14th
2009
Posted By: Craig Richardson @ 5:30pm In: McLean Real Estate MarketThe most encouraging news when looking at the November 2009 McLean Condo sales versus the previous three Novembers is how short the properties were on the market. Condos that sold in November 2009 had a Median DOM of 12 days, down from a whopping 133 Median DOM in 2008. It is the shortest DOM in the past four Novembers, with November 2007 registering 45 DOM and November 2006 at 83 DOM.
The Median List price for Condos rebounded in November to $343,450 from $302,450 among those sold in November 2008. It's still below November 2007, when the Median List was $385,000.
All in all, the most recent condo data, like the single family home and townhouse sales information, continues to indicate the return of a strong market in McLean.
Share this Post:
Trackback URL: http://www.craigsrealtylist.com/trackback/mclean-s-november-condo-sales-indicate-strong-market.html
Trackbacks (0)
Comments (0)