Long & Foster Real Estate Blog

August Sales up 50%

August Sales

During August 2011, 22 properties sold in the local market at an average price of $1,442,534. This August, 33 properties sold (up 50%) at an average price of $1,197,863 (down 16.9%). The substantial increase in the number of properties selling in the low- and mid-range lowered the average sale price.