On top of a recent downward trend in sellers reducing price, including 58 markdowns over the last 30 days, sales in the Burke, VA real estate market fell to 59 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices are coming down in Burke, Virginia and for this period the median sales price slid from $462,450 to $430,500. In spite of the decrease in sales, a low two months of inventory signals that Burke is a definite seller's market.
Demographic facts about Burke, Va 22015:
*The median value of all homes in the area is $409,000.
*This area usually gets 83 rainy days each year. (U.S. average: 100)
*The unemployment rate for this area is 4.0%.
*For every teacher there are 13.2 students in this area. (15.3 = national average)
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