Here are last week’s stats for Vienna Real Estate (22180,22181, 22182):
- Number of Contracts: 21
- Average Days on Market for Active Listings: 147 days
- Average Days on Market for Listings That Went Under Contract: 35 days
- Inventory: 249 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 2.7 months
Here are last week’s stats for Oakton Real Estate (22124):
- Number of Contracts: 6
- Average Days on Market for Active Listings: 104 days
- Average Days on Market for Listings That Went Under Contract: 37 days
- Inventory: 92 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 4.4 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 6.1 months
Notes:
- Inventory in Vienna remains stable this week; while inventory in Oakton continues to rise.
- Only 11% of the homes that went under contract this week in Vienna/Oakton were listed above $800,000.
- Anecdotal information tells us that open house attendance last weekend was down over the previous weeks. This may be a “fluke” or it may signal a slowdown in Buyer interest due to ”end of summer” and “back-to-school” mindsets approaching. Only time will tell!
If you’re thinking of buying or selling, contact The Belt Team for a more in-depth discussion & analysis - because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!