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This week in the Springfield, Va real estate market, sales rose to 45 homes sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with 46 being reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $500,000, down from last week's $510,000. The rising sales and a low two months of inventory point to the 22153 zip code being a definite seller's market.
Demographic facts about Springfield, Va 22153:
*The total number of households here is 10,455.
*This area has an unemployment rate of 4.0%.
*Schools spend an average of $7,307 for each student in this area. ($5,691 = national average)
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