Sat Sep 26 2020
This week the median list price for Herndon, VA is $719,990 with the market action index hovering around 68. This is an increase over last month's market action index of 65. Inventory has held steady at or around 49.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$719,990|
|Per Square Foot||$242|
|Days on Market||66|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,135,000||5,675||0.5 - 1 acre||5||4||19||3||3||124|
|$844,900||4,039||0.25 - 0.5 acre||5||4||21||3||3||40|
|$622,400||2,360||8,000 - 10,000 sqft||4||3||37||4||6||46|
|$479,900||1,640||0 - 4,500 sqft||3||2||41||5||3||52|