McLean 22102 Single Family Homes Are In High Demand!

By
Real Estate Agent with Keller Williams Realty

The McLean 22102 Single Family Home Market has had a great spring! Much like the rest of Northern Virginia, inventory is low, contracts are being written and homes are selling! The Northern Virginia area has had a very active spring market and although in some areas, inventory is starting to rise, the market is showing no signs of slowing! Let’s highlight the bullet points before we break them down!

  • 35 New Listings
  • 17 New Pendings
  • Median Sold Price of $1,410,000
  • Average of 13 Days on Market

So let’s get into inventory first, there is currently 4.7 months worth of inventory (# of Active Listings/ # of New Pendings).  There were 80 listings active  by month’s end. During April, 35 new homes went on the market. 35 New listings is pretty consistent for April, the 5-year average is 29 new listings.  Although the number of new listings is pretty consistent, the number of active listings is at a 5-year low! The 5-year average for April is 101 active listings. If you have a home to sell in McLean 22102, now is the time to get in touch with us at Keller Williams Realty McLean & Great Falls!

Now, more important than number of listings is the number of contracts being accepted and of course, number of closings! During April, 17 new contracts were accepted and 9 Single Family Homes closed in McLean, 22102. 17 new pendings pretty high for April, which typically sees an average of 13. 17 new contracts is a great number when compared to just 80 active listings.

The 9 homes that closed in April have some pretty amazing statistics. These 9 homes closed with a median sold price of $1,410,000 in an average of just 13 days on the market! 13 days on market is well below the 5-year average of 78. They also closed at 97.9% of Original List Price.

So if you own a single family home in McLean, 22102, don’t let this hot market slip by you! Get in touch with Glynis Canto with Keller Williams McLean/Great Falls today to get your home in the market! If you’re a buyer, you don’t have time to waste either! Homes are selling quickly so let us find your dream home today!

McLean 22102 Single Family Homes

Comments (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We are seeing a very number of listing in our area and that is causing multiple offers on everything.

May 23, 2013 01:14 AM