Real Estate Market Conditions for Reston, Virginia
As of August 3, 2009, there are 216 active residential listings in Reston and the average number of days on market is 76. The list prices range from $89,100 to $1,299,999; the average list price is $494,011 and the median is $449,900 The current market absorption rate is 1.83.
118 residential sales in Reston closed during the month of July 2009 (up from 96 sales closed in June). These sales ranged in price from $94,000 to $925,000.
The average list price was $363,476 (down from $458,467 in June) and the average net sales price (less seller concessions) was $354,105 (down from $440,151 in June).
The median list price was $319,900 (down from $399,450 in June) and the median net sales price was $312,250 (down from $382,500 in June).
For sales closed in July, the number of days on market ranged from 0 to 223 and average number days on market was 37 (down from 70 days in June).
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(Source: Metropolitan Regional Information Systems, Inc. (MRIS) - Information deemed reliable, but not guaranteed.)
