A popular residential area for Washington, DC commuters, Sterling is located in the northeastern section of Loudoun County, one of the fastest growing counties in the nation. Nearby public parks include Sterling’s Algonkian Regional Park and Claude Moore Park. In addition, there are several historic battlefields within a one hour drive in all directions. Dulles Town Center and the Leesburg Corner Premium Outlets provide lots of retail and restaurant choices.

The totals below show the current market conditions in Sterling, Virginia:

• Homes for sale: 443
• Closed sales: 132
• Average dales price: $304,717
• Average day on market: 49

Prices are nearly unchanged since last month. Plus, total inventory has declined 7.5% since last month while days on market increased by 10. However compared to one year ago, all of the statistical indicators are better giving further evidence to a stabilized market. The average sales price is down 10% from a year ago, making buying a more affordable reality. FHA loan rates are now 5.25% as quoted By Choice Mortgage, a Wells Fargo Affiliate.

Market data and commentary provided by David Hess, Executive Vice President and Managing Broker, and Neal Greene, Realtor®

Search for homes in Sterling, and all of the DC Metro: www.averyhess.com