Vienna & Oakton Real Estate Markets Keep On Pace

What is happening in the Vienna & Oakton real estate markets? Here are the highlights over the past week:

  • Inventory levels are stable (and low). Vienna has 124 homes on the market (down 1 from a week ago). And Oakton has 72 homes on the market (up 1 from a week ago).
  • Months of housing supply remains the same in each area: 1 month in Vienna and 1.6 months in Oakton. (This means it’s a Seller’s Market.)
  • Homes are selling quickly. In Vienna, 59% of the homes that went under contract sold in 2 weeks or less. In Oakton, that figure was 45%.
  • Buyers all over Northern VA are finding themselves competing for the same homes. It’s not unusual for a buyer to write contracts on multiple homes before they prevail and beat out the competition.

Here are last week’s statistics:

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 22
  • Average Days on Market for Active Listings: 92 days
  • Average Days on Market for Listings That Went Under Contract: 44 days
  • Inventory: 124 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.3 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1 month!

What Is My Vienna Home Worth?

Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 11
  • Average Days on Market for Active Listings: 94 days
  • Average Days on Market for Listings That Went Under Contract: 36 days
  • Inventory: 72 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.6 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.6  months

What Is My Oakton Home Worth?

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