75% of Homes That Sold In Vienna Last Week Sold in 2 Weeks Or Less!

Just like the temperatures in August – the Vienna and Oakton real estate markets are “Hot Hot Hot”!

Buyers Market or Sellers Market in Northern VA Real Estate     Vienna Homes Selling Quickly

Here are the highlights for Vienna & Oakton Real Estate over the past week:

  • Vienna remains in a Seller’s Market – with 1.2 months of housing supply.
  • Oakton is teetering between a Balanced Market and a Seller’s Market – with 2.7 months of supply.
  • Sales in Oakton were higher this past week than the week before (9 homes sold versus 6), but still not in the double-digit range we saw during most of March – June.
  • Sales in Vienna dropped to 16, the least number in a week since the week that included July 4th.
  • Vienna’s pace continues to quicken – with the fastest week this year (except for 2 weeks in April) in terms of the percentage of homes selling in the first or second week. 63% of the homes that went under contract, did so in a week or less. And 75% sold in two weeks or less. WOW!
  • Oakton’s pace is no where close to Vienna’s – with 22% last week going under contract in a week or less, and 44% in two weeks or less.

Detailed Market Statistics

Vienna Real Estate (22180,22181, 22182):

Search Homes For Sale in Vienna

  • Number of Contracts: 16 (down from 23 the prior week)
  • Average Days on Market for Active Listings: 90 days
  • Average Days on Market for Listings That Went Under Contract: 27 days
  • Inventory: 129 homes on the market (down from 135 the prior week)
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 1.5 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.2 months

What Is My Vienna Home Worth?

Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: ( (up from 6 the prior week)
  • Average Days on Market for Active Listings: 115 days
  • Average Days on Market for Listings That Went Under Contract: 30 days
  • Inventory: 78 homes on the market (down from 85 the prior week)
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.7 months

What Is My Oakton Home Worth?

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