Vienna December 2019 Home Sales:
• 50 homes went under contract in Vienna. This is up 22% from the same time period in 2018.
• 38% of the homes that went to settlement in December 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $907,477 (up 19.2% from the same time period in 2018 when it was $761,088).
• 35 homes came on the market. That’s down 10.3% from December 2018.
• Homes that sold (closed) averaged 43 days on market, 11 days slower than in December of 2018.
• There is currently a 1.2 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 Vienna – and 98 Vienna homes for sale (townhouse, condo and single family).
Additional Year-End Stats – 2018 vs 2019:
Average sold price increased by 2.7% ($829,002 vs $851,446)
Total units sold increased by 8.2%
Average sales price to original list price ratio remained the same – 98%
OVERALL: Vienna remains in a Seller’s Market. And like last month, we saw the market slow again during December (which is not unexpected during the holiday season)…there was a 53% decrease in the number of new listings that came on the market and the total inventory decreased by 37%.
If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 3.4 (down slightly from last month), and in the under $1 Million price range – there is a 0.5 month supply (also down from last month). So it continues that buyers looking at properties over $1 Million have moved from a balanced market to a Sellers Market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.
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Vienna October 2019 Home Sales:
• 84 homes went under contract in Vienna. This is up 23% from the same time period in 2018.
• 48% of the homes that went to settlement in October 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $833,266 (up 7.7% from the same time period in 2018 when it was $773,614).
• 99 homes came on the market. That’s is unchanged from October 2018.
• Homes that sold (closed) averaged 30 days on market, 26 days faster than in October 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 Vienna – and 172 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. A few things to note…the average sold price was up from last month as well from this time period last year, and the number of new listings to hit the market decreased from last month.
The trend continues…there are still two different markets in Vienna and the statistics are very similar to last month. The month supply of homes over $1 Million is at 4.5 (down slightly from 4.9 last month), and in the under $1 Million price range – there is a 1.1 month supply. Buyers looking at properties over $1 Million are moving from a more Balanced Market toward a Sellers Market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.
Vienna September 2019 Home Sales:
• 86 homes went under contract in Vienna. This is up 45.8% from the same time period in 2018.
• 34% of the homes that went to settlement in September 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $798,731 (down 11.3% from the same time period in 2018 when it was $900,153)
• 124 homes came on the market. That’s up 9.7% from September 2018.
• Homes that sold (closed) averaged 48 days on market, 8 days faster than in September of 2018.
• There is currently a 2.4 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 Vienna – and 184 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. A few things to note...the number of homes under contract for the month was up significantly from September of last year, the average sold price was down from last month as well from this time period last year, and the number of new listings to hit the market increased by 23% from last month.
The trend continues…there are still two different markets in Vienna and the statistics are pretty much the same as last month. The month supply of homes over $1 Million is at 4.9, and in the under $1 Million price range – there is a 1.1 month supply. Buyers looking at properties over $1 Million are moving from a more Balanced Market toward a Sellers Market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.
Vienna August 2019 Home Sales:
• 79 homes went under contract in Vienna. This is up (13%) from the same time period in 2018.
• 32% of the homes that went to settlement in August 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $866,523 (up 5.3% from the same time period in 2018 when it was $822,734)
• 98 homes came on the market. That’s down 2% from August 2018.
• Homes that sold (closed) averaged 45 days on market, 23 days faster than in August of 2018.
• There is currently a 2.4 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 Vienna – and 182 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. There were not may significant changes from last month/year however the number of home that went under contract during August of this year vs 2018 was up 13% and the number of days a property took to sell was faster from this time period last year AND last month.
The trend continues…there are still two different markets in Vienna and the statistics are pretty much the same as last month. The month supply of homes over $1 Million is at 4.3, and in the under $1 Million price range – there is a 1.1 month supply. Buyers looking at properties over $1 Million are moving from a more Balanced market toward a Sellers Market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.
Vienna July 2019 Home Sales:
•80 homes went under contract in Vienna. This is down (15.8%) from the same time period in 2018.
• 31% of the homes that went to settlement in July 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $917,225 (up 11.7% from the same time period in 2018 when it was $821,466)
• 104 homes came on the market. That’s down 2.8% from July 2018.
• Homes that sold (closed) averaged 54 days on market, 1 day slower than in July of 2018.
• There is currently a 2.5 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 Vienna – and 190 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. Notable changes from last month/year: number of homes under contract decreased from last month and significantly from this time last year; average sales price increased from last month and July 2018; average days on market increased 50% from last month.
The trend continues…there are still two different markets in Vienna, however the upper price range in continues to move toward a Seller Market. The month supply of homes over $1 Million is at 4.2 (and continues to go down…5.3 last month), and in the under $1 Million price range – there is a 1.3 month supply. Again, Buyers looking at properties over $1 Million are moving from a more Balanced market toward aSellers Market where Buyers looking below $1 Million are still facing an aggressive Sellers Market.
Vienna June 2019 Home Sales:
• 95 homes went under contract in Vienna. This is up (2.15%) from the same time period in 2018.
• 38% of the homes that went to settlement in June 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $848,919 (down 2.86% from the same time period in 2018 when it was $873,876)
• 124 homes came on the market. That’s down 6.77% from June 2018.
• Homes that sold (closed) averaged 36 days on market, 15 days faster than in June of 2018.
• There is currently a 2.6 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 Vienna – and 195 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. One notable change from last month: fewer homes came on the market and the number year-over-year was down over 6%.
The trend continues…there are still two different markets in Vienna (although the gap is shrinking). The month supply of homes over $1 Million is at 5.3 (although down again…7.0 last month), and in the under $1 Million price range – there is a 1.2 month supply. This means Buyers looking at properties over $1 Million are looking at more of a Balanced to Sellers Market where Buyers looking below $1 Million are facing an aggressive Sellers Market.
Vienna May 2019 Home Sales:
• 118 homes went under contract in Vienna. This is down (7.09%) from the same time period in 2018.
• 42% of the homes that went to settlement in May 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $805,347 (down 6.69% from the same time period in 2018 when it was $863,078)
• 175 homes came on the market. That’s up 12.90% from May 2018.
• Homes that sold (closed) averaged 33 days on market, 25 days faster than in May of 2018.
• There is currently a 2.8 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 Vienna – and 214 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market. One notable change from last month: homes are selling faster (the % of homes that sold in 10 days or fewer rose by 12% and the average days on market decreased by 18 days)!
There continues to be two different markets in Vienna. The month supply of homes over $1 Million is at 7.0 (down from 8.4 last month), and in the under $1 Million price range – there continues to be a 1.4 month supply. This means Buyers looking at properties over $1 Million are looking at more of a Balanced to Sellers Market where Buyers looking below $1 Million are competing and facing an aggressive Sellers Market (inventory is low and homes are selling quickly).
Vienna April 2019 Home Sales:
Vienna March 2019 Home Sales:
• 129 homes went under contract in Vienna. This is up significantly (45%) from the same time period in 2018!
• 38% of the homes that went to settlement in March 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $822,012 (down 5% from the same time period in 2018 when it was $864,170)
• 160 homes came on the market. That’s up 13% from March 2018.
• Homes that sold (closed) averaged 46 days on market, 17 days faster than in March of 2018.
• There is currently a 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 Vienna – and 146 Vienna homes for sale (townhouse, condo and single family).
OVERALL: Vienna remains in a Seller’s Market.
However, there continues to be two different markets in Vienna when you segment by price. The month supply of homes over $1 Million rose again and is now 8.4 (this is up from a 7.2 month supply in February) and in the under $1 Million price range – there is only a 1.4 month supply. This means Buyers looking at properties over $1 Million are looking at more of a Balanced to Sellers Market where Buyers looking below $1 Million are competing and facing an aggressive Sellers Market (inventory is low and homes are selling quickly).
