Real Estate Update for Vienna and Oakton

What’s happened in the real estate market in Vienna and Oakton over the past week?

  • Inventory is stable in Vienna and has dropped 7% in Oakton.
  • Both Vienna and Oakton remain in a Seller’s Market with less than 2 months of housing inventory.
  • Homes that are prepared well, in good locations and priced to the market are selling quickly. 67% of those that sold in Oakton last week sold in 2 weeks or less, 54% in Vienna sold in 2 weeks or less.
  • Homes that buyers perceive to be overpriced, sit on the market. There is a home in Vienna and a home in Oakton that have both been listed for more than TWO YEARS! (Interesting when the average days on market for Vienna & Oakton this year is just 48 days!)

Here are the rest of this past week’s statistics:

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 28
  • Average Days on Market for Active Listings: 89 days
  • Average Days on Market for Listings That Went Under Contract: 42 days
  • Inventory: 124 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.2 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: 15
  • Average Days on Market for Active Listings: 97 days
  • Average Days on Market for Listings That Went Under Contract: 19 days
  • Inventory: 81 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.8 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.7 months

What Is My Oakton Home Worth?

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