An interesting takeaway from the stats in the chart below is the drastic drop in the average number of days that homes spent on the market. The stat not only speaks to the fact that the country was in the middle of the housing crisis last summer, but also is evidence of the high demand for quality homes when they hit the market these days.
2010
2009
% Change
Average Sold Price
$550,687
$483,477
13.9
Median Sold Price
$430,000
$386,000
11.4
Average Days on Market
62
88
-29.55
Average List Price
$582,959
$520,162
12.07
Interesting and informative perspectives on life and real estate in the Washington Metropolitan area from Sue Goodhart, one of the area's leading real estate agents
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