Long & Foster Real Estate Blog
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.