Sun Nov 17 2019
This week the median list price for Reston, VA is $743,319 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 30.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$743,319|
|Per Square Foot||$256|
|Days on Market||81|
|Slight Seller's Advantage|
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,100,000||5,180||0.5 - 1 acre||5||4||26||0||1||161|
|$845,000||3,810||0.25 - 0.5 acre||4||3||30||0||2||85|
|$725,000||2,798||0.25 - 0.5 acre||4||2||40||2||0||49|
|$667,500||2,244||0.25 - 0.5 acre||4||2||46||1||2||40|