While the median list and the median sold prices continued to slide down when compared to the past five July's, overall last month's condos sales were consistent with previous years.  The 14 that sold were in line with previous July's and the days on the market, although not as few as July 2009, were better than July 2006, July 2007, and July 2008.

Please see the chart below for an analysis of condo sales for the previous five July's.  Data is gleaned from the MRIS.

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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 pa...