Reston December 2022 Home Sales:

• 51 homes went under contract in Reston. This is down 41% from the same time period in 2021.

• 33% of the homes went to settlement in December 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $515,818 (up 4%, from the same time period in 2021 when it was $496,277).

• 37 homes came on the market. That’s down 46% from December 2021.

• Homes that sold (closed) averaged 33 days on market, 5 days slower than in December of 2021.

• There is currently a 0.6 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 66 Reston homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2022 vs 2021:

Average sold price increased by 6.6% ($569,916 vs $534,753)

Total units sold decreased by 21%

Average sales price to original list price ratio increased slightly – 101.1% vs 100.5%

OVERALL: Reston remained in a Seller’s Market. Inventory decreased from the prior month but was up 53% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from November but up compared to the end of December last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.7 respectively  –  very much a Seller’s Market.  

Reston November 2022 Home Sales:

• 78 homes went under contract in Reston. This is down 36% from the same time period in 2021.

• 43% of the homes went to settlement in November 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $566,514 (up 4%, from the same time period in 2021 when it was $546,283).

• 80 homes came on the market. That’s down 14% from November 2021.

• Homes that sold (closed) averaged 25 days on market, 4 days slower than in November of 2021.

• 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 Reston – and 91 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory decreased from the prior month but was up 23% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from October but up compared to November last year.

Reston October 2022 Home Sales:

• 83 homes went under contract in Reston. This is down 42% from the same time period in 2021.

• 53% of the homes went to settlement in October 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $577,248 (up 7%, from the same time period in 2021 when it was $539,539).

• 94 homes came on the market. That’s down 39% from October 2021.

• Homes that sold (closed) averaged 26 days on market, 2 days faster than in October of 2021.

• 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 Reston – and 105 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory increased just slightly from the prior month but was down 14% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from September and compared to October last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 1.0 and 1.1 respectively  –  very much a Seller’s Market.  

Reston September 2022 Home Sales:

• 93 homes went under contract in Reston. This is down 19% from the same time period in 2021.

• 54% of the homes went to settlement in September 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $535,631 (down 2%, from the same time period in 2021 when it was $545,533).

• 123 homes came on the market. That’s down 21% from September 2021.

• Homes that sold (closed) averaged 18 days on market, 4 days faster than in September of 2021.

• 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 Reston – and 102 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory increased from the prior month but was down 31% year-over-year.  The number of homes going under contract was basically unchanged and the number of new homes coming on the market increased…both of these numbers continue to be down significantly from this time last year.  Average sold price was down from August as well as compared to September last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.9 for both  –  very much a Seller’s Market.  

Additional Quarter-End Stats – 2022 vs 2021

Average sold price decreased by 1.3% ($563,766 vs $566,700)

Total units sold decreased by 26%

Average sales price to original list price ratio decreased slightly – 99.4% vs 99.8%

Reston August 2022 Home Sales:

• 94 homes went under contract in Reston. This is down 20% from the same time period in 2021.

• 47% of the homes went to settlement in August 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $550,407 (down 5%, from the same time period in 2021 when it was $577,998).

• 93 homes came on the market. That’s down 34% from August 2021.

• Homes that sold (closed) averaged 16 days on market, 6 days faster than in August of 2021.

• 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 Reston – and 91 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory decreased from the prior month and was down 35% year-over-year.  The number of homes going under contract and new homes coming on the market decreased as well…and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from July as well as compared to August last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.7 respectively  – very much a Seller’s Market in both segments. 

Reston July 2022 Home Sales:

• 117 homes went under contract in Reston. This is down 12% from the same time period in 2021.

• 64% of the homes went to settlement in July 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $615,209 (up 11%, from the same time period in 2021 when it was $551,860).

• 166 homes came on the market. That’s down 1% from July 2021.

• Homes that sold (closed) averaged 15 days on market, the same as in July of 2021.

• 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 119 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory increased some from last month but was down 12% year-over-year.  The number of homes going under contract and new homes coming on the market was up…but both of these numbers continue to be down from this time last year.  Average sold price was up from June as well as compared to July last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.9 respectively  – very much a Seller’s Market in both segments.  

Reston June 2022 Home Sales:

• 99 homes went under contract in Reston. This is down 30% from the same time period in 2021.

• 73% of the homes went to settlement in June 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $586,429 (up 8%, from the same time period in 2021 when it was $542,951).

• 140 homes came on the market. That’s down 23% from June 2021.

• Homes that sold (closed) averaged 11 days on market, 4 days faster than in June of 2021.

• 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 Reston – and 95 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory increased again from last month but was down 30% year-over-year.  The number of homes going under contract was down from last month as well as the number of new homes coming on the market…both of these numbers continue to be down from this time last year.  Average sold price was down from May but was up compared to this month & quarter in 2021. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 1.1 and 0.8 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low 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”. 

Additional Quarter-End Stats – 2021 vs 2022:

Average sold price increased by 10% ($548,167 vs $603,886)

Total units sold decreased by 12%

Average sales price to original list price ratio increased – 102.0% vs 103.3%

Reston May 2022 Home Sales:

• 136 homes went under contract in Reston. This is down 22% from the same time period in 2021.

• 82% of the homes went to settlement in May 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $622,647 (up 14%, from the same time period in 2021 when it was $545,589).

• 162 homes came on the market. That’s down 14% from May 2021.

• Homes that sold (closed) averaged 7 days on market, 4 days faster than in May of 2021.

• There is currently a 0.6 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 75 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory increased just slightly from last month but was down 34% year-over-year.  The number of homes going under contract was down from last month as was the number of new homes coming on the market…both of these numbers continue to be down significantly from this time last year.  Average sold price was up from April, as well as from this same time last year. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.6 and 0.8 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low  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”. 

Reston April 2022 Home Sales:

• 147 homes went under contract in Reston. This is down 6% from the same time period in 2021.

• 84% of the homes went to settlement in April 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $600,335 (up 7%, from the same time period in 2021 when it was $561,853).

• 173 homes came on the market. That’s down 13% from April 2021.

• Homes that sold (closed) averaged 8 days on market, 5 days faster than in April of 2021.

• There is currently a 0.6 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 73 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market.   Active listings increased slightly from the prior month but were down 35% year-over-year.  Average sold price was up just slightly from March and up 7% from April 2021. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.9 and 0.7 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low  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”. 

Reston March 2022 Home Sales:

• 132 homes went under contract in Reston. This is down 20% from the same time period in 2021.

• 81% of the homes went to settlement in March 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $595,383 (up 13%, from the same time period in 2021 when it was $528,624).

• 157 homes came on the market. That’s down 17% from March 2021.

• Homes that sold (closed) averaged 9 days on market, 9 days faster than in March of 2021.

• There is currently a 0.5 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 60 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market.   Inventory increased 66% from last month (but continues to be historically low) and sold prices continued to rise. 

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.4 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low  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”. 

Reston February 2022 Home Sales:

• 105 homes went under contract in Reston. This is down 5% from the same time period in 2021.

• 69% of the homes went to settlement in February 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $494,432 (up 13%, from the same time period in 2021 when it was $435,889).

• 110 homes came on the market. That’s down 22% from February 2021.

• Homes that sold (closed) averaged 17 days on market, 15 days faster than in February of 2021.

• There is currently a 0.3 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 36 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market.   Not much change from the previous month.  Inventory remained low but average sales price was up year-over-year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.7 and 0.4 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low  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”. 

Reston January 2022 Home Sales:

• 84 homes went under contract in Reston. This is down 14% from the same time period in 2021.

• 47% of the homes went to settlement in January 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $502,732 (down just under 1%, from the same time period in 2021 when it was $506,041).

• 97 homes came on the market. That’s equal to January 2021.

• Homes that sold (closed) averaged 31 days on market, 5 days slower than in January of 2021.

• There is currently a 0.3 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 37 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market.  Lots more of the same from 2021…very LOW inventory in the area remained a big issue in January.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.5 and 0.4 respectively  – very much a Seller’s Market in both segments.  Inventory continues to be low  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”.