Sun Nov 17 2019
This week the median list price for Sterling, VA is $529,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has held steady at or around 33.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$529,000|
|Per Square Foot||$218|
|Days on Market||66|
|Strong Seller's Market|
Despite this week’s down tic, the market seems to have paused around this plateau. 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|
|$899,450||4,860||0.25 - 0.5 acre||5||4||21||0||1||182|
|$635,950||4,089||8,000 - 10,000 sqft||4||3||20||4||3||36|
|$454,950||1,960||8,000 - 10,000 sqft||4||2||42||5||1||4|
|$430,000||1,738||8,000 - 10,000 sqft||4||2||50||2||2||42|