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Seller's Market In Vienna Real Estate | Business

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Seller's Market In Vienna Real Estate
Seller's Market In Vienna Real Estate

 

What’s happening this week in the Vienna & Oakton real estate markets?

As Sargent Friday used to say “Just the facts ma’am!

 

  • In Vienna, inventory dropped 9% this past week. 168 homes are on the market. That’s 11% below the average inventory we have seen throughout 2012. (SELLERS – NOW is a great time to sell! Less competition = leverage for YOU!(Get a FREE Home Value Analysis )

 

  • Oakton’s housing inventory remained stable. 76 homes are currently on the market.

 

  • This past week we also saw contract levels rebound from the week before. In Oakton, 9 homes went under contract. (We only saw 5 contracts for the week prior.) And in Vienna, 24 homes went under contract as opposed to 17 the week before.

 

Last week in Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 24
  • Average Days on Market for Active Listings: 117 days
  • Average Days on Market for Listings That Went Under Contract: 72 days
  • Inventory: 168 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.4 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.1 months

 

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 9
  • Average Days on Market for Active Listings: 94 days
  • Average Days on Market for Listings That Went Under Contract: 64
  • Inventory: 76 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 3.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 3.8 months

 

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Belt Team CEO, Terry Belt, commented, "If I personally had a home to sell I would put it on the market now because there is strong demand and less cometition. If I were personally looking to buy, considering all time low interest rates and pressure on pricing with less inventory, I would do so now!"

If you’re thinking of buying or selling a home Contact The Belt Team at (703) 242-3975.

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