MARKET UPDATE: MID TOWN RESTON

There have been six(6) condos at MidTown put on the market at under $1,000,000 in February, and all are already under contract. Sellers continue to leave much money on the table, apparently unaware of the market dynamics in place today. This is the most imbalanced buyer/seller dynamic we have seen since 2006, in favor of the seller. Sales prices should be rising fast, if only sellers would realize this fact.

 

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About RayWedellRealEstate

Real estate professional with Samson Properties. Chartered Financial Analyst, CFA
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