In November, 36 single family homes sold in McLean, up from 21 in November 2008 and essentially identical to the November 2007 figures, when 37 sold. In November 2006, only 20 single family homes sold but seeing that the Median Sold Price was higher than the Median List Price that year, it's likely the fewer number has to do with a lower inventory.
The Median Sold price for November 2009 single family homes was $932,500, higher than 2006 at the height of the market. It certainly seems like the market has recovered and is back on track at least in McLean.
See the chart below for more information.
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