Here are last week’s stats for Vienna Real Estate (22180,22181, 22182):
- Number of Contracts: 9
- Average Days on Market for Active Listings: 112 days
- Average Days on Market for Listings That Went Under Contract: 143 days
- Inventory: 240 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): 3.2 months
Here are last week’s stats for Oakton Real Estate (22124):
- Number of Contracts: 6
- Average Days on Market for Active Listings: 115 days
- Average Days on Market for Listings That Went Under Contract: 50 days
- Inventory: 82 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 3.6 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 3.8 months
Notes:
- Inventory in both Vienna & Oakton is down slightly this week - with inventory in Vienna at its lowest level since early May.
- Average days on market remained stable.
- The contract rate in Oakton remained stable, while Vienna’s contract rate is the lowest we have seen in 2010 (tied with the contract rate of the week ending February 9th)!
- Last week we wondered whether increased open house attendance meant more “Real Buyers” or whether they were “Lookie-Loos”. Based on the contract rate this week, it seems like they are still “just looking”.
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!