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McLean's Single Family Home Market Rebounds in First Half of 2010

Jul 29th 2010
Posted By: Craig Richardson @ 9:20am In: McLean Real Estate Market
Tags: mclean, craig richardson, single family home sales, januaryjune 2010

Single family home sales in McLean for the first half of 2010 were very strong.  In fact, the 25 median days on the market in January-June 2010 were the shortest compared to the first half of 2006, 2007, 2008, and 2009. 

The median list price ($949,950) and median sold price ($901,500) also rebounded over the first half of 2009, where both the median list and median sold prices dropped into the mid $800,000s.  The 218 homes sold from January through June 2010 was also on the rise after dropping in the first half of 2008 to 182 and the first half of last year to 191.

All and all the data suggests that in McLean at least, we've seemed to hit bottom and are now leveling off when it comes to single family home sales, which is good news.  Please see the chart below for additional information.  Data is gleaned from the MRIS.

Jan.-June 2010 McLean Single Family Home Sales Report Craig Richardson

 

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Market Report McLean VA Craig Richardson

 

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