April 2021 Home Sales

Northern Virginia April 2021 Home Sales:

The story remains the same...we continue to experience a strong seller's market, low inventory, and appreciating home prices. It's a great time to be a seller, but a challenging time to be a buyer. Take a look at the Northern Virginia April 2021 home sale stats below (be sure to click on the links at the end to get more information on some hyper local NOVA communities). Note: some of the year-over-year numbers saw a significant increase but this was NOT unexpected given the state of the market last year due to the pandemic.

It is still so critical to work with an experienced agent whether you are buying or selling. The Belt Team has been in business for over 50 years and has the experience needed to navigate these waters. So, if you are thinking of buying or selling, contact us NOW (703-242-3975).

• 4,903 homes went under contract in the region. This is up 66% from the same time period in 2020.

• 81% of the homes that went to settlement in April 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $659,937 (up 10% from the same time period in 2020).

• 6,238 homes came on the market. That’s up 66% from April 2020.

• Homes that sold (closed) averaged 12 days on market, 2 days faster than in April of 2020.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in the Northern Virginia – and 2,917 homes for sale (townhouse, condo and single-family).

OVERALL: Northern Virginia remained an aggressive Seller’s Market. April saw increases in everything from homes coming on the market to average sold price (especially when looking at those numbers year-over-year which was expected due to the pandemic). And the story remains the same...inventory is low (although increasing) and homes are selling very fast!