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Market Watch Jan + Feb 2010

9. March 2010

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What a Difference a Year Makes! We track a lot of indices to help us determine the direction of the market, but there’s none better than “Months’ Supply.” It is a very simple measure that compares the number of available homes on the market at the end of any given month to the contract activity of [...]

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Market Watch

24. February 2010

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Northern Virginia MarketWatch – January/February 2010 MarketWatch, authored by David Howell, managing broker of our McLean office, is published on a bi-monthly basis by McEnearney Associates, Inc. It provides useful and insightful summaries of current housing market trends. MarketWatch statistics include housing sales from all companies serving our Virginia – Washington DC – Maryland Metropolitan area. What [...]

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Trends In McLean Real Estate

25. January 2010

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Average price per square foot for Mclean VA was $397, an increase of 4.5% compared to the same period last year. The median sales price for homes in Mclean VA for Sep 09 to Nov 09 was $699,500 based on 182 home sales. Compared to the same period one year ago, the median home sales [...]

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Have We Hit Bottom Yet?

30. March 2009

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Don’t Look For The Bottom Of The Market – Look For Balance Seems as if everyone these days wants to know when the real estate market is going to “hit bottom.” After all, no one wants to buy while prices are still going down, right? Here’s a healthy dose of reality: No one can predict the bottom, [...]

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2008 in Review and What’s in Store for 2009?

9. January 2009

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Well, That Was Fun, Wasn’t It?   2008 was, without a doubt, the single most challenging year in real estate in Northern Virginia in at least 30 years. And the nation-wide problems in real estate helped to precipitate the takeover of Fannie Mae and Freddie Mac, the bailout of numerous banking, insurance and financial institutions and the [...]

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