As of August 10, 2008, there are 393 active residential listings in Reston and the average number of days on market is 112. The list prices range from $110,000 to $1,600,000; the average list price is $452,414 and the median is $360,000 The current market absorption rate is 4.62.
85 residential sales in Reston closed during the month of July 2008 (down from 91 sales closed in June). These sales ranged in price from $103,400 to $1,307,500.
The average list price was $420,807 (down from $459,700 in June) and the average net sales price (less seller concessions) was $402,153 (down from $441,058 in June).
The median list price was $359,900 (down from $420,000 in June) and the median net sales price was $334,000 (down from $398,500 in June).
For sales closed in July, the number of days on market ranged from 0 to 378 and average number days on market was 78 (down from 85 days in June).
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