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Vienna's Housing Market Does The Limbo | Business

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Vienna's Housing Market Does The Limbo
Vienna's Housing Market Does The Limbo

Did you ever try doing the limbo? Then you know the saying "How LOW can you GO?! Well, that's what we're wondering about housing inventory in Vienna.

While Oakton's inventory is just about the same today as it was two weeks ago, Vienna's inventory dropped another 5%. Based on the past 30 days' sales, both Vienna & Oakton have a 2.3 month supply of homes on the market. And that is a Seller's Market!

How low will it really go?

Stay tuned to our weekly market updates on our Northern Virginia real estate blog to find out!" In the meantime, here is this week's market update for Vienna & Oakton.

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Last week in Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 11
  • Average Days on Market for Active Listings: 129 days
  • Average Days on Market for Listings That Went Under Contract: 39 days
  • Inventory: 140 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.1 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

 

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 5
  • Average Days on Market for Active Listings: 103 days
  • Average Days on Market for Listings That Went Under Contract: 87
  • Inventory: 68 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

 

Sometimes you need to buy or sell a home no matter what is happening in the
market. Maybe you're having a baby & you need more space. Or you're a military or relocation family who has been transferred. No matter why you're moving, we can help you make the BEST move. If you're thinking of buying or selling a home, Contact The Belt Team at (703) 242-3975. We think you deserve the BEST Realtors in Northern Virginia!