Reston December 2023 Home Sales:

• 50 homes went under contract in Reston. This is down 2% from the same time period in 2022.

• 56% of the homes went to settlement in December 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $647,512 (up 25%, from the same time period in 2022 when it was $515,818).

• 34 homes came on the market. That’s down 8% from December 2022.

• Homes that sold (closed) averaged 16 days on market, 17 days faster than in December 2022.

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

Additional Year-End Stats – 2023 vs 2022:

Average sold price increased by 4.2% ($593,729 vs $569,916)

Total units sold decreased by 20%

Average sales price to original list price ratio was unchanged – 101.1% vs 101.1%

OVERALL: Reston remained in a Seller’s Market. Inventory decreased from the prior month and was down 38% year-over-year.   The number of homes coming on the market decreased and remains down compared to year-end 2022.  Average sold price was up from November and compared to the same time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.5 and 0.6 respectively  –  very much a Seller’s Market.  

Reston November 2023 Home Sales:

• 50 homes went under contract in Reston. This is down 36% from the same time period in 2022.

• 65% of the homes went to settlement in November 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $583,024 (up 3%, from the same time period in 2022 when it was $566,514).

• 51 homes came on the market. That’s down 36% from November 2022.

• Homes that sold (closed) averaged 12 days on market, 13 days faster than in November 2022.

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

OVERALL: Reston remained in a Seller’s Market. Inventory stayed the same from the prior month but was down 30% year-over-year.   The number of homes going under contract and the number coming on the market decreased and both remain down significantly compared to last year.  Average sold price was down just slightly from October but up compared to the same time last year.

Reston October 2023 Home Sales:

• 87 homes went under contract in Reston. This is up 5% from the same time period in 2022.

• 62% of the homes went to settlement in October 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $585,304 (up 1%, from the same time period in 2022 when it was $577,248).

• 73 homes came on the market. That’s down 22% from October 2022.

• Homes that sold (closed) averaged 13 days on market, 13 days faster than in October 2022.

• 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 64 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 39% year-over-year.   The number of homes going under contract was up but the number coming on the market decreased.  Average sold price was up just slightly from September as well as compared to the same time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.8 and 0.6 respectively  –  very much a Seller’s Market.  

Reston September/Q3 2023 Home Sales:

• 76 homes went under contract in Reston. This is down 18% from the same time period in 2022.

• 67% of the homes went to settlement in September 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $581,000 (up 8%, from the same time period in 2022 when it was $535,631).

• 89 homes came on the market. That’s down 28% from September 2022.

• Homes that sold (closed) averaged 10 days on market, 8 days faster than in September 2022.

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

Additional 3rd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 8% ($608,571 vs $563,766)

Total units sold decreased by 22%

Average sales price to original list price ratio increased – 101.8% vs 99.4%

OVERALL: Reston remained in a Seller’s Market. Inventory increased from the prior month but was down 41% year-over-year.   The number of homes going under contract was down slightly but the number 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 but up compared to the same time last year.

Reston August 2023 Home Sales:

• 80 homes went under contract in Reston. This is down 15% from the same time period in 2022.

• 81% of the homes went to settlement in August 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $625,213 (up 14%, from the same time period in 2022 when it was $550,407).

• 74 homes came on the market. That’s down 20% from August 2022.

• Homes that sold (closed) averaged 9 days on market, 7 days faster than in August 2022.

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

OVERALL: Reston remained in a Seller’s Market. Inventory decreased slightly from the prior month and was down 51% year-over-year.   The number of homes going under contract and coming on the market decreased just a bit.  And both of these numbers continue to be down significantly from this time last year.  Average sold price was up from July and compared to the same time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.6 and 0.4 respectively  –  very much a Seller’s Market.  

Reston July 2023 Home Sales:

• 82 homes went under contract in Reston. This is down 30% from the same time period in 2022.

• 78% of the homes went to settlement in July 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $608,543 (down 1.1%, from the same time period in 2022 when it was $615,209).

• 79 homes came on the market. That’s down 52% from July 2022.

• Homes that sold (closed) averaged 9 days on market, 6 days faster as in July 2022.

• 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 48 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 60% year-over-year.   The number of homes going under contract and coming on the market decreased.  And both of these numbers continue to be down significantly from this time last year.  Average sold price was up slightly from June and down compared to the same time last year.

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.  

Reston June/Q2 2023 Home Sales:

• 93 homes went under contract in Reston. This is down 6.1% from the same time period in 2022.

• 77% of the homes went to settlement in June 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $599,724 (up 2.3%, from the same time period in 2022 when it was $586,429).

• 98 homes came on the market. That’s down 30% from June 2022.

• Homes that sold (closed) averaged 11 days on market, the same as in June 2022.

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

Additional 2nd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 1.6% ($613,426 vs $603,886)

Total units sold decreased by 27%

Average sales price to original list price ratio decreased – 102.3% vs 103.3%

OVERALL: Reston remained in a Seller’s Market. Inventory increased from the prior month but was down 42% year-over-year.   The number of homes going under contract decreased but the number coming on the market increased slightly.  Both of these numbers continue to be down from this time last year.  Average sold price was down from May but up a bit compared to the same time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.6 and 0.4 respectively  –  very much a Seller’s Market.  

Reston May 2023 Home Sales:

• 105 homes went under contract in Reston. This is down 23% from the same time period in 2022.

• 82% of the homes went to settlement in May 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $639,466 (up 2.7%, from the same time period in 2022 when it was $622,647).

• 95 homes came on the market. That’s down 41% from May 2022.

• Homes that sold (closed) averaged 7 days on market, the same as in May 2022.

• There is currently a 0.4 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 40 Reston homes for sale (townhouse, condo and single-family).

OVERALL: Reston remained in a Seller’s Market. Inventory stayed the same as the prior month but was down 47% year-over-year.   The number of homes going under contract decreased but the number coming on the market increased.  Both of these numbers continue to be down significantly from this time last year.  Average sold price was up from April as well as compared to the same time last year.

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.  

Reston April 2023 Home Sales:

• 113 homes went under contract in Reston. This is down 23% from the same time period in 2022.

• 82% of the homes went to settlement in April 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $573,823 (down 4.4%, from the same time period in 2022 when it was $600,335).

• 82 homes came on the market. That’s down 53% from April 2022.

• Homes that sold (closed) averaged 10 days on market, 2 days slower than in April 2022.

• There is currently a 0.4 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 40 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 45% year-over-year.   The number of homes going under contract increased but the number coming on the market decreased.  Both of these numbers continue to be down significantly from this time last year.  Average sold price was basically unchanged from March and down compared to the same time last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.9 and 0.3 respectively  –  very much a Seller’s Market.  

Reston March/Q1 2023 Home Sales:

• 86 homes went under contract in Reston. This is down 35% from the same time period in 2022.

• 62% of the homes went to settlement in March 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $572,432 (down 4%, from the same time period in 2022 when it was $595,383).

• 94 homes came on the market. That’s down 40% from March 2022.

• Homes that sold (closed) averaged 17 days on market, 8 days slower than in March 2022.

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

Additional 1st Quarter-End Stats – 2022 vs 2023:

Average sold price increased by 1.7% ($535,381 vs $544,484)

Total units sold decreased by 20%

Average sales price to original list price ratio decreased – 102.4% vs 99.9%

OVERALL: Reston remained in a Seller’s Market. Inventory increased from the prior month but was down 10% year-over-year.   The number of homes going under contract stayed the same but the number coming on the market increased…both of these numbers continue to be down from this time last year.  Average sold price was up from February and up compared to the end of the first quarter last year.

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.  

Reston February 2023 Home Sales:

• 86 homes went under contract in Reston. This is down 18% from the same time period in 2022.

• 52% of the homes went to settlement in February 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $534,025 (up 8%, from the same time period in 2022 when it was $494,432).

• 76 homes came on the market. That’s down 31% from February 2022.

• Homes that sold (closed) averaged 31 days on market, the same as in January 2022.

• There is currently a 0.4 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 39 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 8% year-over-year.  The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down from this time last year.  Average sold price was up a bit from January and up compared to the end of February last year.

We broke Reston down in two markets…above $700,000 and below.  The months supply was 0.7 and 0.3 respectively  –  very much a Seller’s Market.  

Reston January 2023 Home Sales:

• 72 homes went under contract in Reston. This is down 14% from the same time period in 2022.

• 34% of the homes went to settlement in January 2023, sold in 10 days or less from when they hit the market.  

• Average sold price was $513,796 (up 2%, from the same time period in 2022 when it was $502,732).

• 58 homes came on the market. That’s down 40% from January 2022.

• Homes that sold (closed) averaged 31 days on market, the same as in January 2022.

• There is currently a 0.4 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 42 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 14% year-over-year.  The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down from this time last year.  Average sold price was down a bit from December but up compared to the end of January last year.