Health & Fitness
Vienna & Oakton Only Have 1 Month of Housing Supply Left!
In the past 30 days in Oakton, more homes have sold than new listings have come on the market. Yikes! What about Vienna?
What’s happening in the Vienna & Oakton real estate markets?
Remember last week when we wrote on our Northern VA real estate blog that “Statistics show we are almost to the point where for every home listed, a home goes under contract“?
Well, guess what? That time has come in Oakton and it’s still close in Vienna. We are down to just about 1 month of housing supply in both areas!
Find out what's happening in Viennafor free with the latest updates from Patch.
- In Vienna in the past 30 days, there were 120 new listings – and 112 homes went under contract.
- In Oakton in the past 30 days, there were 50 new listings – and 52 homes went under contract.
Find out what's happening in Viennafor free with the latest updates from Patch.
That means in Oakton, homes are selling faster than they are coming on the market.
No matter why you’re moving, The Belt Team 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!
Here are the rest of this weeks statistics:
Vienna Real Estate (22180,22181, 22182):
Search Homes For Sale in Vienna
- Number of Contracts: 25
- Average Days on Market for Active Listings: 101 days
- Average Days on Market for Listings That Went Under Contract: 38 days
- Inventory: 111 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 1.4 months (lowest in 2013!)
- Number of Months Supply of Homes (Based on past 30 day contract rate): 1.0 (lowest in 2013!)
Last week in Oakton Real Estate (22124):
Search Homes For Sale in Oakton
- Number of Contracts: 19
- Average Days on Market for Active Listings: 105 days
- Average Days on Market for Listings That Went Under Contract: 34 days
- Inventory: 55 homes on the market
- Number of Months Supply of Homes (Based on past 90 day contract rate): 1.5 months (lowest in 2013!)
- Number of Months Supply of Homes (Based on past 30 day contract rate): 1.1 months (lowest in 2013!)
The Belt Team's mission is “Changing Lives For The Better – One Family At A Time!”
