Vienna December 2020 Home Sales:

• 59 homes went under contract in Vienna. This is up 18% from the same time period in 2019.

• 38% of the homes that went to settlement in December 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $936,309 (up 3% from the same time period in 2019 when it was $907,477).

• 37 homes came on the market. That’s up 6% from December 2019.

• Homes that sold (closed) averaged 30 days on market, 13 days faster than in December 2019.

• 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 Vienna – and 76 Vienna homes for sale (townhouse, condo and single-family).

Additional Year End Stats – 2019 vs 2020:

Average sold price increased by 8.2% ($851,449 vs $921,045)

Total units sold decreased by 0.8%

Average sales price to original list price ratio increased – 98 vs 99.1%

OVERALL: Vienna remains in a Seller’s Market.  We saw activity in this market slow over the month, expected given the holiday season (although many numbers are still up from this time period last year), and low inventory remained to be an issue in Vienna. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.6 (down from 1.9 last month), and in the under $1 Million price range – there is a 0.4 month supply. Buyers looking in both price ranges are facing a Seller’s Market. 

Vienna November 2020 Home Sales:

• 70 homes went under contract in Vienna. This is up 30% from the same time period in 2019.

• 61% of the homes that went to settlement in November 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $936,025 (up 10% from the same time period in 2019 when it was $853,072).

• 76 homes came on the market. That’s up 1% from November 2019.

• Homes that sold (closed) averaged 24 days on market, 13 days faster than in November 2019.

• 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 Vienna – and 123 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  We continued to see this market slow over the month and despite inventory increasing compared to October, the lack of homes on the market continued to be an issue in Vienna. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.9 (down from 2.5 last month), and in the under $1 Million price range – there continues to be under a 1 month supply. Buyers looking in both price ranges are now facing a Seller’s Market. 

Vienna October 2020 Home Sales:

• 82 homes went under contract in Vienna. This is down 2% from the same time period in 2019.

• 57% of the homes that went to settlement in October 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $971,169 (up 17% from the same time period in 2019 when it was $833,266).

• 96 homes came on the market. That’s down 3% from October 2019.

• Homes that sold (closed) averaged 27 days on market, 3 days faster than in October 2019.

• There is currently a 1.1 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 87 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  However, we continued to see this market slow a bit over the month.  Low inventory of homes on the market continues to be a big issue in Vienna and in fact was down 34% from the previous month. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 2.5 (down from 2.9 last month), and in the under $1 Million price range – there continues to be just under a 1 month supply. Buyers looking in the over $1 Million price range continue to move from a Balanced to more of a Seller’s Market but Buyers looking below $1 Million are definitely still facing an aggressive Seller’s Market. 

Vienna September 2020 Home Sales:

• 95 homes went under contract in Vienna. This is up 10% from the same time period in 2019.

• 57% of the homes that went to settlement in September 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $938,794 (up 17% from the same time period in 2019 when it was $798,731).

• 111 homes came on the market. That’s down 10% from September 2019.

• Homes that sold (closed) averaged 28 days on market, 20 days faster than in September 2019.

• 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 Vienna – and 131 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  We saw a bit of slowing in this market over the last month but several of the year-over-year numbers continue to be up.  Low inventory of homes on the market remains an issue and in fact was down 8% from the previous month. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 2.9 (down from 3.2 last month), and in the under $1 Million price range – there continues to be just under a 1 month supply. Buyers looking for properties over $1 Million are seeing more of a balanced market and Buyers looking below $1 Million are still facing a more aggressive Seller’s Market. 

Vienna August 2020 Home Sales:

• 101 homes went under contract in Vienna. This is up 28% from the same time period in 2019.

• 61% of the homes that went to settlement in August 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $942,079 (up 8.7% from the same time period in 2019 when it was $866,523).

• 131 homes came on the market. That’s up 34% from August 2019.

• Homes that sold (closed) averaged 23 days on market, 11 days faster than in August 2019.

• 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 Vienna – and 143 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  We did not see much change in activity from July to August but several of the year-over-year numbers continue to be up significantly.  And the low inventory of home on the market remains an issue. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 3.2 (down from 3.6 last month), and in the under $1 Million price range – there continues to be just under a 1 month supply. So buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market. 

Vienna July 2020 Home Sales:

• 109 homes went under contract in Vienna. This is up 36.3% from the same time period in 2019.

• 53% of the homes that went to settlement in July 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $930,368 (up 1.4% from the same time period in 2019 when it was $917,225).

• 133 homes came on the market. That’s up 28% from July 2019.

• Homes that sold (closed) averaged 20 days on market, 13 days faster than in July 2019.

• 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 Vienna – and 142 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  Although not up significantly from last month, this market saw a significant increase in the number of homes went under contract and came on the market compared to the same time period last year.  Homes are also selling faster and we are still experiencing low inventory.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 3.6 (down from 4.1 last month), and in the under $1 Million price range – there continues to be just under a 1 month supply. So buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market. 

Vienna June 2020 Home Sales:

• 98 homes went under contract in Vienna. This is up 3.2% from the same time period in 2019. 

• 41% of the homes that went to settlement in June 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $866,454 (up 2.1% from the same time period in 2019 when it was $848,919).

• 136 homes came on the market. That’s up 9.7% from June 2019.

• Homes that sold (closed) averaged 29 days on market, 7 days slower than in June 2019.

• 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 Vienna – and 140 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  This market continued to improve in June and is even stronger in regards to the number of homes coming on the market and going under contract than the same time period last year.   However, as we see in may areas in the region, inventory remains low.

Vienna May 2020 Home Sales:

• 79 homes went under contract in Vienna. This is down 33% from the same time period in 2019.

• 47% of the homes that went to settlement in May 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $904,263 (up 12.3% from the same time period in 2019 when it was $805,347).

• 97 homes came on the market. That’s down 44.6% from May 2019.

• Homes that sold (closed) averaged 21 days on market, 1 day faster than in May 2019.

• There is currently a 1.6 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 118 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  Compared to last month, the number of homes that went under contract and that came on the market increased but continue to be down significantly from the same time last year.  The Average Sold Price decreased from last month, however, is up year-over-year.  Inventory remains low.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 4.1 (up from 3.9 last month), and in the under $1 Million price range – there is a 1 month supply. So it continues that buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market. 

Vienna April 2020 Home Sales:

• 67 homes went under contract in Vienna. This is down 42.2% from the same time period in 2019.

• 65% of the homes that went to settlement in April 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $946,587 (up 9.6% from the same time period in 2019 when it was $863,562).

• 81 homes came on the market. That’s down 52.1% from April 2019.

• Homes that sold (closed) averaged 24 days on market, 9 days faster than in April 2019.

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

OVERALL: Vienna remains in a Seller’s Market.  As with last month, the number of homes that went under contract and that came on the market decreased.  And, compared to this time last year, these numbers were down significantly…expected given the current Coronavirus environment.  Also of note, Average Sold Price increased again and is up year-over-year, and inventory remains low.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 3.9 (down from 4.3 last month), and in the under $1 Million price range – there is a 0.9 month supply. So it continues that buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market. 

Vienna March 2020 Home Sales:

• 99 homes went under contract in Vienna. This is down 23% from the same time period in 2019.

• 59% of the homes that went to settlement in March 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $891,890 (up 8.5% from the same time period in 2019 when it was $822,012).

• 140 homes came on the market. That’s down 12.5% from March 2019.

• Homes that sold (closed) averaged 28 days on market, 2 days slower than in March 2019.

• There is currently a 1.6 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 130 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains in a Seller’s Market.  As expected given the current Coronavirus pandemic, the number of homes that went under contract and came on the market were down 23% and 12.5% respectively from the same time period last year.  Compared to last month, the rest of the numbers are fairly similar but one big difference is “average days on market”…homes sold much quicker in March than in February (28 days vs 52 days). 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 4.3 (down from 5.1 last month), and in the under $1 Million price range – there is a 0.9 month supply. So it continues that buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market. 

Vienna February 2020 Home Sales:

• 91 homes went under contract in Vienna. This is up 40% from the same time period in 2019. 

• 43% of the homes that went to settlement in February 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $917,511 (up 12.5% from the same time period in 2019 when it was $815,074).

• 137 homes came on the market. That’s up 38.4% from February 2019.

• Homes that sold (closed) averaged 52 days on market, 6 days slower than in February 2019.

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

OVERALL: Vienna remains in a Seller’s Market.  Activity increased again this month with an increase in the number of homes that came on the market and number that went under contract.  Low inventory is still an issue but the month supply of homes and home for sale increased slightly.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 5.1 (up from 4.4 last month), and in the under $1 Million price range – there remains a 0.7 month supply. So it continues that buyers looking at properties over $1 Million are in more of a balanced market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.  

Vienna January 2020 Home Sales:

• 60 homes went under contract in Vienna. This is down 7.7% from the same time period in 2019. 

• 19% of the homes that went to settlement in January 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $824,150 (up 11% from the same time period in 2019 when it was $741,166).

• 63 homes came on the market. That’s down 10% from January 2019.

• Homes that sold (closed) averaged 52 days on market, 5 days slower than in January 2019.

• There is currently a 1.1 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 93 Vienna homes for sale (townhouse, condo and single family).

OVERALL: Vienna remains in a Seller’s Market.  We saw this market pick up a bit with an increase in the number of homes that came on the market and number that went under contract.  But these numbers are still down from the same time period last year.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 4.4 (up slightly from last month), and in the under $1 Million price range – there is a 0.7 month supply (also up slightly from last month). So it continues that buyers looking at properties over $1 Million are moving from a balanced market to more of a Sellers Market, where Buyers looking below $1 Million are still facing an aggressive Sellers Market.