Real Estate Market Conditions for Herndon, Virginia

As of July 7, 2008, there are 549 active residential listings in Herndon and the average number of days on market is 113. The list prices range from $109,000 to $1,990,000; the average list price is $413,377 and the median is $339,900. The current market absorption rate is 3.84.

143 residential sales in Herndon closed during the month of June 2008 (up from 124 sales closed in May). These sales ranged in price from $84,000 to $1,180,000.

The average list price was $415,988 (up from $399,351 in May) and the average net sales price (less seller concessions) was $397,160 (up from $383,498 in May).

The median list price was $389,900 (up from $349,950 in May) and the median net sales price was $360,000 (up from $341,250 in May).

For sales closed in June, the number of days on market ranged from 0 to 612 and average number days on market was 106 (up from 103 in May).

(Source: Metropolitan Regional Information Systems, Inc. (MRIS) 2008 - Information deemed reliable, but not guaranteed.)