Here are last week’s stats for Vienna Real Estate (22180,22181, 22182):
- Number of Contracts: 17
- Average Days on Market for Active Listings: 112 days
- Average Days on Market for Listings That Went Under Contract: 54 days
- Inventory: 242 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): 2.8 months
Here are last week’s stats for Oakton Real Estate (22124):
- Number of Contracts: 6
- Average Days on Market for Active Listings: 113 days
- Average Days on Market for Listings That Went Under Contract: 64 days
- Inventory: 84 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 4.1 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 4.4 months
Notes:
- Inventory in both Vienna & Oakton is down slightly this week. Inventory in Vienna is at its lowest level since early May.
- Only 17% of the homes that went under contract this week in Vienna/Oakton were listed above $800,000.
- The contract rate in Oakton remains fairly stable. While Vienna’s contract rate (with the exception of the 2 weeks surrounding 4th of July) was at the lowest we have seen since early March.
- After last week’s report of low open house attendance, this past weekend saw an increased appearance of “buyers” coming through the doors. Are they “Real Buyers” or just “Lookie-Loos”? 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!