Northern VA Real Estate Update: Oakton Homes Selling Faster Than New Listings Can Come On! Vienna Close Behind.

What’s happening in the Vienna & Oakton real estate markets?

Remember last week when we said “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!

  • 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.

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!)

What Is My Vienna Home Worth?

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!)

What Is My Oakton Home Worth?

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