June 2021 Home Sales

Northern Virginia June 2021 Home Sales:

What was the market like in June as we headed into the summer months? "The traditional summer slow down we see in the market is not significantly occurring and the market remains extremely active." - CEO, Terry Belt.

Below is a summery of the Northern Virginia market for June 2021. Be sure to click the links at the bottom of the page for the June market stats for some hyper local areas.

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).

Northern Virginia June 2021 home sales:

• 4,863 homes went under contract in the region. This is up 11% from the same time period in 2020.

• 77% of the homes that went to settlement in June 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $682,616 (up 17% from the same time period in 2020).

• 6,175 homes came on the market. That’s up 36% from June 2020.

• Homes that sold (closed) averaged 11 days on market 8 days faster than in June of 2020.

• There is currently a 0.9 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 3,571 homes for sale (townhouse, condo and single-family).

OVERALL: Northern Virginia remained an aggressive Seller’s Market. As with last month, we didn’t see a significant change in the monthly numbers from May to June, but we continued to see some double digit percentage increases in activity and average sold price compared to June of 2020.