Northern Virginia MarketWatch - January/February 2010
Average Sales Price
The average sales price levels for 2009 tracked very closely to those of 2004.
As indicated on page 1, there is very low supply, particularly for homes priced less than $500,000, so prices have firmed up at the lower end of the market. We have likely seen the last of any significant downward pressure on prices at that lower end.
However, there is still enough inventory of more expensive homes such that we do not expect any noticeable price appreciation this year.
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