See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
Welcome to The Stillwell Group Market Update. I’m Lee Stillwell.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to Bright MLS, the marketplace for McLean, VA residential properties, here’s what happened in July Vs June 2024:
The number of sold listings decreased by 13% to34 properties, with a top sale of $5.5 million at 1714 N Albemarle St.
The Average Sales Price decreased by 15% to $2million, and the Average Price Per Square Foot is $426
The inventory of properties available for sale is measured in months’ supply, and it increased by 8% to 3.25 months’ worth of properties for sale.
The 30-year fixed mortgage rate is at an average rate of 6.4%, according to Freddiemac.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s essential to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in. We’ll see you at the next Stillwell Group Market Update.
