In 2009, townhouses in McLean stayed on the market the shortest median days in the past 4 years. The 49 DOMP in 2009 was nearly half as long as the 92 median DOMP that townhouses stayed on market in 2008, and lower than 2007 (68) and 2006 (58).
The median sold price continued its four year drop in 2009 when it reached $639,001. This represents a median sales price drop of $151,749 since 2006, when the median sold figure was $790,750, the peak of the past 4 years. The median sales price, therefore, dropped by 19% from 2006 to 2009.
With the pace of sales picking up, it is very likely that 2009 may represent the bottom median sales price for McLean townhouses, and prices could even start ticking up in 2010 and beyond. See the table below for additional data on the McLean's townhouse market from 2006-2009, which is gleaned the MRIS.
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