Real Estate Market Conditions for Sterling/Potomac Falls, Virginia

As of July 7, 2008, there are 622 active residential listings in Sterling/Potomac Falls and the average number of days on market is 113. The list prices range from $74,900 to $2,650,000; the average list price is $339,197 and the median is $284,700 The current market absorption rate is 4.06.

153 residential sales in Sterling/Potomac Falls closed during the month of June 2008 (up from 150 sales closed in May). These sales ranged in price from $101,850 to $825,000.

The average list price was $289,602 (down from $319,659 in May) and the average net sales price (less seller concessions) was $280,429 (down from $304,279 in May).

The median list price was $259,900 (down from $279,900 in May) and the median net sales price was $255,000 (down from $265,773 in May).

For sales closed in June, the number of days on market ranged from 1 to 426 and average number days on market was 94 (down from 140 in May).