This Week in the Vienna & Oakton Housing Market

Running out of ideas for what to buy your loved ones for Christmas? How about a new home?! You may be singing “Silent Night”, but the real estate market is definitely not silent over the holidays! In the past week in Vienna & Oakton, 15 homes have gone under contract. The lowest list price was $219,900 and the highest list price was $1,250,000. Of the homes that sold, 5 were condos sold, 4 were townhomes and 6 were single family homes.

Here are the detailed market statistics for Vienna & Oakton:

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

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Number of Contracts: 4
Average Days on Market for Active Listings: 132 days
Average Days on Market for Listings That Went Under Contract: 37 days
Inventory: 125 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.2 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 3.1 months

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

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Number of Contracts: 11
Average Days on Market for Active Listings: 120 days
Average Days on Market for Listings That Went Under Contract: 67
Inventory: 54 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.2 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 2.4 months

What Is My Oakton Home Worth?

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. Or you’re looking to “right-size” your home. 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!

This Week’s Real Estate Stats – Vienna & Oakton

“Any astronomer can predict with absolute accuracy just where every star in the universe will be at 11.30 tonight. He can make no such prediction about his teenage daughter.”

Isn’t that a great quote from James T. Adams? We think the real estate market is the same way. We might think we can predict what will happen (like things slowing down over the holidays), but market conditions can change in the blink of an eye. This is why we track detailed statistics weekly for our Buyers & Sellers.

Right now, inventory in Oakton is at its lowest level since December 2010. And Vienna is not far behind. Savvy Sellers are taking advantage of that and are prepping to get their homes on the market before Spring hits, so they can take advantage of the pent up demand that exists.(The Belt Team has been out on multiple appointments with Spring Sellers to walk through their homes & help them know what needs to be done before they go on the market, and more importantly – what things they don’t have to spend money or time doing.)

Brilliant Buyers are also doing their part to get ready for an early opportunity to jump on new inventory when it comes on the market. Not only are they making sure they have seen the existing inventory, but they are already approved for a mortgage (not just “pre-qualified”) and they are working with a real estate team who lists lots of homes in the area they are looking because that is a GREAT way to find out about homes BEFORE they come on the market.

Here are the detailed market statistics for Vienna & Oakton:

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

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Number of Contracts: 6
Average Days on Market for Active Listings: 131 days
Average Days on Market for Listings That Went Under Contract: 90 days
Inventory: 123 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): 2.6 months

What Is My Vienna Home Worth?

Last week in Oakton Real Estate (22124):

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Number of Contracts: 7
Average Days on Market for Active Listings: 118 days
Average Days on Market for Listings That Went Under Contract: 80
Inventory: 55 homes on the market
Number of Months Supply of Homes (Based on past 90 day contract rate): 2.3 months
Number of Months Supply of Homes (Based on past 30 day contract rate): 2.8 months

What Is My Oakton Home Worth?

Housing Inventory 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!

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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!