The Long & Foster Market Minute

Focus On: McLean Housing Market June 2021

Zip Code(s): 22101 and 22102
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 130 sold this month in McLean Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 24 units or 9%. The total number of active inventory this June was 258 compared to 282 in June 2020. This month's total of 258 is lower than the previous month's total supply of available inventory of 270, a decrease of 4%.

Median Sale Price
Last June, the median sale price for McLean Homes was $1,096,000. This June, the median sale price was $1,126,250, an increase of 3% or $30,250 compared to last year. The current median sold price is 18% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 17%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 2.9%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In June, there was 2.0 months of supply available in McLean, compared to 3.4 in June 2020. That is a decrease of 42% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 166 homes newly listed for sale in McLean compared to 142 in June 2020, an increase of 17%. There were 123 current contracts pending sale this June compared to 103 a year ago. The number of current contracts is 19% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in McLean was 99.6% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 36, a decrease of 17%.

The Long & Foster Market Minute McLean are defined as properties listed in zip code/s 22101 and 22102.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.