Wondering what’s happening in the Vienna real estate market?
Listings were up 23% in April. And another 7% in May. Contracts were up 20% in April and another 8% in May. This makes it sound like inventory is climbing. And yet, 39% of the homes that sold in Vienna in May sold in 10 days or less. So the market continues to absorb the best new listings as fast as they come on.
On the other hand, some homes are languishing on the market. Pricing right from the beginning is becoming paramount. Why? Statistics show the longer you’re on the market, the lower the price you will likely sell for. There’s even one home that has been for sale for FOUR YEARS!
For more questions or for a specific update on YOUR neighborhood – call Terry Belt & The Belt Team at (703) 242-3975 for a FREE Buyer or Seller Consultation. The Belt Team is Vienna’s Top Real Estate Team and has sold more homes in Vienna than another other Realtor or team since 1973.