Real Estate Market Conditions for Reston, Virginia

As of July 7, 2008, there are 423 active residential listings in Reston and the average number of days on market is 105. The list prices range from $109,900 to $1,600,000; the average list price is $451,758 and the median is $359,900 The current market absorption rate is 4.65.

91 residential sales in Reston closed during the month of June 2008 (up from 83 sales closed in May). These sales ranged in price from $129,980 to $1,547,500.

The average list price was $459,700 (up from $403,737 in May) and the average net sales price (less seller concessions) was $441,058 (up from $386,489 in May).

The median list price was $420,000 (up from $350,000 in May) and the median net sales price was $398,500 (up from $335,000 in May).

For sales closed in June, the number of days on market ranged from 1 to 574 and average number days on market was 85 (down from 87 days in May).