Yes, Vienna & Oakton, It's Still A Seller's Market!

Are you wondering how the real estate market is in Northern Virginia, and whether it’s a Buyer’s Market or Seller’s Market? Well, wonder no more. Inventory is low, low, low. And Buyers all over Northern VA are competing for the same homes.

The areas we get most asked about are Vienna & Oakton, so real estate stats for those areas are below. (Call 703-242-3975 or email us if you need real estate stats for Reston, Fairfax, Herndon, McLean, Falls Church, Arlington or any other area of Northern Virginia). 

If you’re in the market to buy or sell NOW, you may want to read these articles:

• What I Learned About Real Estate From A Trip to the Doctor
• The Highest Offer Is The Best Offer, Right?
• Appraisal Issues In A Rising Market
• Selling A Home? Think Like A Buyer
• PCE – 3 Important Factors When Choosing A Realtor To Sell Your Home
• 38 Questions To Ask A Realtor When Selling Your Home
• What Home Buyers Need To Know About Shadow Inventory
• 5 Things A Buyer Should Look For In A Realtor
• 5 Ways To Know If Your Realtor Is Tech Savvy (Does It Even Matter?)

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

Search Homes For Sale in Vienna

• Number of Contracts: 13 (down from 18 the week before)
• Average Days on Market for Active Listings: 100 days (down from 103 the week before)
• Average Days on Market for Listings That Went Under Contract: 52 days (up from 36 the week before)
• Inventory: 124 homes on the market (up from 115 the week before)
• Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months (up from 1.9 the week before)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.5 (up from 1.35 the week before) months

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

Search Homes For Sale in Oakton

• Number of Contracts: 13 (twice as many as the week before)
• Average Days on Market for Active Listings: 88 days (down from 94 the week before)
• Average Days on Market for Listings That Went Under Contract: 35 days (down from 125 the week before)
• Inventory: 57 homes on the market (just 1 more than the week before)
• Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months (down from 2.1 the week before)
• Number of Months Supply of Homes (Based on past 30 day contract rate): 1.2  months (down from 1.4 the week before)

What Is My Oakton Home Worth?

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!”