McLean's townhouse median list price ($659,500) and median sold price ($635,000) in the 1st half of 2010 continued a steady 1st half of the year decline since 2006.  Each 1st half of the year since 2006 the median list and median sales prices have dropped compared to the previous year. At the height of the market, which encompasses the 1st half of 2006, the median list price was $829,000 and the median sold price was $791,500.

It appears that the market may have found its equilibrium for townhouses in McLean.  The 29 median days on the market in the 1st half of 2010 was the shortest days on the market for the 1st half of the year going back to 2006.  The median days on the market in the first half of 2010 was more than half of the 1st half of the 2009 figures and nearly a third of the 1st half of 2008 days on the market.  Certainly a good sign for the townhouse market in McLean.

Please see the chart below for additional information on McLean's townhouse market.  Data is gleaned from the MRIS.

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