Reston December 2019 Home Sales:
• 60 homes went under contract in Reston. This is down 15.5% from the same time period in 2018.
• 40% of the homes went to settlement in December 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $466,314 (up 2.8%, from the same time period in 2018 when it was $453,554).
• 49 homes came on the market. That’s down 20% from December 2018.
• Homes that sold (closed) averaged 28 days on market, 7 day faster than in December of 2018.
• There is currently a 0.7 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 Reston – and 78 Reston homes for sale (townhouse, condo and single family).
Additional Year-End Stats – 2018 vs 2019:
Average sold price increased by 1.4% ($472,951 vs $479,389)
Total units sold increased by 1.4%
Average sales price to original list price ratio remained the same – 98%
OVERALL: Reston remains in a Sellers Market. Activity slowed again in December (which is not unexpected during the holiday season)…homes that went under contract decreased as well as number of homes that came on the market, and inventory of homes dropped again by 31%.
We broke Reston down in two markets…above $700,000 and below. The months supply were 1.8 and 0.5 respectively – very much a Sellers Market. Inventory continues to drop and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
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Reston November 2019 Home Sales:
• 99 homes went under contract in Reston. This is up 32% from the same time period in 2018.
• 39% of the homes went to settlement in November 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $516,846 (up 22.9%, from the same time period in 2018 when it was $420,569)
• 76 homes came on the market. That’s up 2.7% from November 2018.
• Homes that sold (closed) averaged 33 days on market, 1 day faster than in November of 2018.
• There is currently a 1.0 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 Reston – and 113 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. And inventory of homes dropped significantly from last month…the number of homes that came on the market decreased by 42%.
We broke Reston down in two markets…above $700,000 and below. The months supply were 1.5 (down from 2.4 last month) and 0.7 respectively – very much a Sellers Market. Inventory is low and homes are selling quickly. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston October 2019 Home Sales:
• 108 homes went under contract in Reston. This is up 3% from the same time period in 2018.
• 33% of the homes went to settlement in October 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $500,459 (up 5.3%, from the same time period in 2018 when it was $475,442)
• 132 homes came on the market. That’s up 16% from October 2018.
• Homes that sold (closed) averaged 36 days on market, 5 days slower than in October of 2018.
• There is currently a 1.4 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 Reston – and 160 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. There were no significant changes in these statistics from last month.
We broke Reston down in two markets…above $700,000 and below. The months supply were 2.4 and 1.0 respectively - a Sellers Market. Inventory is low and homes are selling quickly...but we are not seeing pressure for price appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston July 2019 Home Sales:
• 139 homes went under contract in Reston. This is up 12.1% from the same time period in 2018.
• 32% of the homes went to settlement in July 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $488,159 (up .4%, from the same time period in 2018 when it was $486,250)
• 150 homes came on the market. That’s up 6.4% from July 2018.
• Homes that sold (closed) averaged 34 days on market, 12 days faster than in July of 2018.
• There is currently a 1.7 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 Reston – and 177 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. However, as with other areas, fewer homes came on the market this month as well as went under contract. The average sold price also decreased from June.
We broke Reston down in two markets…above $700,000 and below. The months supply were 2.7 and 1.2 respectively - a Sellers Market. Inventory is low and homes are selling quickly...but we are not see pressure for price appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston June 2019 Home Sales:
• 151 homes went under contract in Reston. This is up 17.97% from the same time period in 2018.
• 39% of the homes went to settlement in June 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $508,773 (down 4.86%, from the same time period in 2018 when it was $534,754)
• 162 homes came on the market. That’s down 6.36% from June 2018.
• Homes that sold (closed) averaged 36 days on market, 12 days faster than in June of 2018.
• There is currently a 1.9 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 Reston – and 193 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. However, as with many other areas, fewer homes came on the market this month and are taking a bit longer to sell.
We broke Reston down in two markets…above $700,000 and below. The months supply were 3.3 and 1.6 respectively - a Sellers Market. Inventory is low and homes are selling quickly...there is some pressure on pricing to go up but we are not seeing huge appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston May 2019 Home Sales:
• 162 homes went under contract in Reston. This is up 2.53% from the same time period in 2018.
• 48% of the homes went to settlement in May 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $472,534 (up 2.45%, from the same time period in 2018 when it was $461,237)
• 221 homes came on the market. That’s up 0.91% from May 2018.
• Homes that sold (closed) averaged 29 days on market, 18 days faster than in May of 2018.
• There is currently a 2.2 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 Reston – and 220 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. Overall stats are very similar to April.
We broke Reston down in two markets…above $700,000 and below. The months supply were 4.1 and 1.6 respectively - a Sellers Market. Inventory is low and homes are selling quickly...there is some pressure on pricing to go up but we are not seeing huge appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston April 2019 Home Sales:
• 143 homes went under contract in Reston. This is down 14.88% from the same time period in 2018.
• 49% of the homes went to settlement in April 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $477,755 (down 2.27%, from the same time period in 2018 when it was $467,150)
• 205 homes came on the market. That’s down 5.96% from April 2018.
• Homes that sold (closed) averaged 27 days on market, 10 days faster than in April of 2018.
• There is currently a 1.8 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 Reston – and 185 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market. We broke Reston down in two markets…above $700,000 and below. The months supply were 4.7 and 1.9 respectively - a Sellers Market. Inventory is low and homes are selling quickly...there is some pressure on pricing to go up but we are not seeing huge appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Reston March 2019 Home Sales:
Reston March 2019 home sales:
• 146 homes went under contract in Reston. This is up 13% from the same time period in 2018.
• 41% of the homes went to settlement in March 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $467,019 (down very little, .89%, from the same time period in 2018 when it was $471,216)
• 191 homes came on the market. That’s down 4.5% from March 2018.
• Homes that sold (closed) averaged 33 days on market, 21 days faster than in March of 2018!
• There is currently a 1.5 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 Reston – and 159 Reston homes for sale (townhouse, condo and single family).
OVERALL: Reston remains in a Sellers Market.
We broke Reston down in two markets…above $700,000 and below. The months supply were 3.6 and 1.9 respectively - a Sellers Market. Inventory is low and homes are selling quickly...there is some pressure on pricing to go up but we are not seeing huge appreciation. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
