Reston (zip code 20190) experienced a 78 percent increase in sales in November 2008 vs. Nov. 2007. This combined with a 33 percent drop in number of days on market would seem to indicate that the price corrections (a 26 percent decline) that occurred during the past year have reached a point whereby buyers are quickly getting back into the market. The small two percent drop in the average sale price as a percent of average list price is probably a too minor to suggest any significant change. The 26 percent decline in median sold price is definitely worth tracking.  Contact me if you have any questions or are ready to take part in today’s buyers market before prices begin to go back up.