This Week In Vienna Oakton Real Estate

STAY TUNED FOR OUR NEW YEARS EVE 2011 LOCAL REAL ESTATE PREDICTIONS!

In the meantime, here’s what’s we saw happen in Vienna Oakton real estate this week:

  • Inventory in Vienna dropped another 2% and inventory in Oakton dropped just 1 unit. This makes 11 weeks in a row that inventory has dropped in Vienna and 13 weeks in a row in Oakton.
  • Three homes went under contract in Oakton and four homes went under contract in Vienna. All but one was listed at $699,000 or less.
  • With a 3-4 month supply of homes in Vienna and a 4-6 month supply of homes in Oakton, both areas remain in a balanced market (defined as 3-6 months housing supply).

Here are last week’s stats for Vienna Real Estate (22180,22181, 22182):

  • Number of Contracts: 4
  • Average Days on Market for Active Listings: 154 days
  • Average Days on Market for Listings That Went Under Contract: 130 days
  • Inventory: 174 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 3.2 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 4.5 months

Here are last week’s stats for Oakton Real Estate (22124):

  • Number of Contracts: 3
  • Average Days on Market for Active Listings: 124 days
  • Average Days on Market for Listings That Went Under Contract: 48 days
  • Inventory: 71 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 4.1 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 6.5 months

If you’re thinking of buying or selling, contact The Belt Team for a more in-depth discussion & analysis – because it’s only the neighborhood YOU live in (or you WANT to live in) that matters!

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