Wednesday, January 2, 2008

Manassas - 2007 Market Trend Analysis

Residential Homes trended DOWN by 4.5% during 2007

Average Original List Price: $347,754
Average Sales Price: $316,726 (91.1% of Original Price)
Average Days on Market: 128
Average Homes Sold per Month: 95
Total Sold in 2007: 1135

Currently Active Listings:
Average List Price: $292,775
Average Days on Market: 132
Total Listed: 1537

As we enter the new year, it is important to know the path the market is currently on. Sellers need to lead the market not follow. Continually lagging behind the trend will lead to higher days on the market and lower "walkaway" sales prices.

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