Vienna Housing Inventory Hits New Low

There is less than two months of housing inventory in the Vienna and Oakton real estate markets. And that’s no April Fool’s joke! It's a new low for Vienna in 2013. And it's STILL a SELLER'S MARKET!

Here are the details: 

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

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• Number of Contracts: 30 (way up from 13 the week before)
• Average Days on Market for Active Listings: 102 days
• Average Days on Market for Listings That Went Under Contract: 45 days
• Inventory: 109 homes on the market (way down from 124 the week before)
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.6 months (lowest in 2013!)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.2 (lowest in 2013!)

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

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• Number of Contracts: 10 (down from 13 the week before)
• Average Days on Market for Active Listings: 90 days
• Average Days on Market for Listings That Went Under Contract: 29 days
• Inventory: 57 homes on the market (same as the week before)
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months (same as the week before)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.3  months (up from 1.3 the week before)

What Is My Oakton Home Worth?

The Belt Team has a list of approved Buyers ready to move (not just ready to move, but anxious to move, urgent to move!) So if you are even pondering selling or know someone who is, call (703) 242-3975. It could be a win-win for you AND our buyers!

Here is what our Buyers are looking for:

• Buyer looking in Vienna between $700,000 –  $900,000
• Buyer looking in Vienna North of Beulah Road for up to $1,200,000
• Renter looking to buy a townhouse in Vienna or Oakton
• Buyer looking in Oakton between $600,000 –  $800,000
• Buyer looking for Madison High School district
• Buyer looking for Waverly, Eudora area in Vienna
• Renter looking to buy in Mosby’s Landing in Vienna
• Renter looking to buy a condo near Metro up to $400,000
• Investor looking to buy a rental property around $300,000

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!

Our mission is “Changing Lives For The Better – One Family At A Time!”