Long & Foster Real Estate Blog


MARKET STATISTICS – NOVEMBER 2012

 

Through November 30th, 382 properties have sold in the local market, up 31% over last year’s figure of 291 sales during the same time period.  The average sale price this year was $1,181,452, down 7.6% from last year’s average of $1,279,690.  This year’s median was $887,500, down slightly from last year’s median of $895,000.  Substantially more sales occurred under $1 million this year:  last year there were 167 sub-$1 million sales through November 30th, while this year there were 219.