McLean's median list ($1,099,000) and median sold ($1,020,000) prices in July 2010 were significantly higher than July 2009 and closer to prices prior to the market downturn.  The 45 single family homes sold in July 2010 was the 2nd lowest number of any of the previous five July's.  Only June 2006 had fewer, when 41 sold, although this year single family homes only stayed on the market for 15 days.

In another encouraging sign, the 40 days on the market for July 2010 was consistent with last year and significantly less than July 2008.  It does appear the McLean single family home market is settling in to the pace of sales prior to the boom years.

See the chart below for the single family home sales comparisons of July 2006, July 2007, July 2008, July 2009, and July 2010.  Data is gleaned from the MRIS.

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