Vienna July 2021 Home Sales:

• 93 homes went under contract in Vienna. This is down 15% from the same time period in 2020. 

• 68% of the homes that went to settlement in July 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,056,894 (up 14% from the same time period in 2020 when it was $866,454).

• 129 homes came on the market. That’s down 3% from July 2020.

• Homes that sold (closed) averaged 12 days on market, 8 days faster than in July 2021.

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

OVERALL: Vienna remained an aggressive Seller’s Market.  As with last month, we didn’t see a significant change in the monthly numbers from June to July, but we did see some slowing in the year-over-year numbers.  That said, the average sold price continued to increase.

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 0.9 and in the under $1 Million price range there is a 1.1 month supply. Buyers looking in both price ranges are facing an aggressive Seller’s Market. 

Vienna June 2021 Home Sales:

• 102 homes went under contract in Vienna. This is up 4% from the same time period in 2020. 

• 77% of the homes that went to settlement in June 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $955,674 (up 10% from the same time period in 2020 when it was $866,454).

• 143 homes came on the market. That’s up 5% from June 2020.

• Homes that sold (closed) averaged 15 days on market, 14 days faster than in June 2021.

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

OVERALL: Vienna remained an aggressive Seller’s Market.  As with last month, we didn’t see a significant change in the monthly numbers from May to June, and while most of the numbers are up from June of 2020, the percentage increases were quite a bit smaller from the year-over-year changes we saw in May.  Vienna saw a slight increase in inventory in June. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.4 and in the under $1 Million price range there is a 1.1 month supply. Buyers looking in both price ranges are facing an aggressive Seller’s Market.  

Vienna May 2021 Home Sales:

• 119 homes went under contract in Vienna. This is up 51% from the same time period in 2020. 

• 79% of the homes that went to settlement in May 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,042,291 (up 15% from the same time period in 2020 when it was $904,263).

• 146 homes came on the market. That’s up 51% from May 2020.

• Homes that sold (closed) averaged 21 days on market, same number of days as this time in 2020.

• 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 Vienna – and 88 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remained an aggressive Seller’s Market.  We didn’t see a significant change in the numbers from April to May in Vienna, but activity and average sold price were up double digits compared to this time last year (again, expected due to the pandemic).  And...low inventory remained 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 1.2 and in the under $1 Million price range there is a 1.1 month supply. Buyers looking in both price ranges are facing an aggressive Seller’s Market.  

Vienna April 2021 Home Sales:

• 132 homes went under contract in Vienna. This is up 97% from the same time period in 2020. 

• 81% of the homes that went to settlement in April 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,069,734 (up 13% from the same time period in 2020 when it was $946,587).

• 174 homes came on the market. That’s up 115% from April 2020!

• Homes that sold (closed) averaged 13 days on market, 11 days faster than in April of 2020.

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

OVERALL: Vienna remained an aggressive Seller’s Market.  The number of homes that came on the market and went under contract were up significantly year-over-year (not surprising given the pandemic situation) and the average sold price continued to increase.  Inventory increased in April but continues to be a challenge for buyers.

Vienna March 2021 Home Sales:

• 134 homes went under contract in Vienna. This is up 35% from the same time period in 2020. 

• 76% of the homes that went to settlement in March 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $1,030,381 (up 15% from the same time period in 2020 when it was $891,890).

• 146 homes came on the market. That’s up 4% from March 2020.

• Homes that sold (closed) averaged 26 days on market, 2 days faster than in March of 2020.

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

OVERALL: Vienna remained an aggressive Seller’s Market.  Although the number of homes that came on the market and went under contract were up from February, inventory was down slightly and remained a huge challenge for buyers...76% of homes that closed during the month sold in 10 days or less!   All other statistics tracked above were up year-over-year...most notably the number of homes going under contract and the average sold price (up 15% year-over-year!).

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.3 and in the under $1 Million price range – there is a 0.8 month supply. Buyers looking in both price ranges are facing an aggressive Seller’s Market.  

Vienna February 2021 Home Sales:

• 86 homes went under contract in Vienna. This is down 5.5% from the same time period in 2020.

• 58% of the homes that went to settlement in February 2021, sold in 10 days or less from when they hit the market. 

• Average sold price was $979,283 (up 7% from the same time period in 2020 when it was $917,511).

• 86 homes came on the market. That’s down 37% from February 2020.

• Homes that sold (closed) averaged 36 days on market, 34 days faster than in February of 2020.

• 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 Vienna – and 65 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains an aggressive Seller’s Market.  Market activity in the area was up slightly from January but was down year-over-year.  Average sold prices were up from last year and low inventory remains to be a big issue. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.4 and in the under $1 Million price range – there is a 0.5 month supply. Buyers looking in both price ranges are facing an aggressive Seller’s Market. 

Vienna January 2021 Home Sales:

• 72 homes went under contract in Vienna. This is up 20% from the same time period in 2020.

• 39% of the homes that went to settlement in January 2021, sold in 10 days or less from when they hit the market. 

• Average sold price was $959,011 (up 16% from the same time period in 2020 when it was $824,150).

• 73 homes came on the market. That’s up 16% from January 2020.

• Homes that sold (closed) averaged 28 days on market, 24 days faster than in January of 2020.

• 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 Vienna – and 66 Vienna homes for sale (townhouse, condo and single-family).

OVERALL: Vienna remains an aggressive Seller’s Market.  Market activity in this area was up from December and continued to be up year-over-year.  Average sold prices were up from last year and low inventory remains to be a very big issue. 

If we segment the Vienna market by price, we get the following results…the month supply of homes over $1 Million is at 1.2 (down from 1.6 last month), and in the under $1 Million price range – there is a 0.5 month supply. Buyers looking in both price ranges are facing a Seller’s Market.