When I posted June’s market update, I realize I got so busy during June I forgot to do a May market recap! So I’m posting a quick market update below on each of my 4 usual areas:
Arlington
Average Sale Price: UP 5.16%
Days on the Market: Down to 28
Average Sale Price to Original List Price: 98.9%
Washington, DC
Average Sale Price: UP 1.67%
Days on the Market: Down to 38
Average Sale Price to Original List Price: 99.4%
Falls Church City
Average Sale Price: Down 13.9%
Days on the Market: Down to 24 (more than half the days in 2012)
Average Sale Price to Original List Price: 98.8%
McLean – 22101
Average Sale Price: UP 5.3%
Days on the Market: Down to 69
Average Sale Price to Original List Price: 97.8%
McLean – 22102
Average Sale Price: UP 38.9%
Days on the Market: 89*
Average Sale Price to Original List Price: 97.6%
*6 properties sold in May that had been on the market for a year or more…not accounting for those, the average was just 12 days