Seller's Market In Vienna Real Estate | Business
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
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.
