Sterling Single Family Home Median Price Up $70K

The median price of single family homes in Sterling (20164, 20165, 20166 zip codes) has gone up an astonishing $70K since April. Talk about a roller coaster of a ride for median prices in Sterling - they have been in a free fall since the market turned in 2005, hit $260K in April, shot up to about $380K and came back down to $335K.

If there was ever a great example of what supply vs demand means to median prices, Sterling is it. Check out how median prices starting coming back down at the very same time that inventory started to increase (July 1).

Sterling Single Family Home Median Price - up $70K since April

Sterling Single Family Home Inventory - up 25 percent since July

What will median prices do going forward? We’ll have to see whether inventory continues to go up, plateau or go down.

P.S. Check back tomorrow for Ashburn’s median price and inventory levels.