Wondering what’s happening in the greater Vienna real estate market?
- The average price of home sales dropped in August as compared to July and was $752,392. (Keep in mind that homes that went to closing in August likely went under contract in June or July.)
- Average days on market for those homes sold increased by about 10% over the previous two months and was 59 days – or just about 2 months.
- It looks like we are seeing a continuation of the slowdown in the market. New listings were down 24% in July from June. And down another 26% in August from July. The number of homes that went under contract dropped 29% from June to July. And remained steady in August with 81 homes sold in Vienna.
(Note: Our Vienna update includes zip codes 22180, 22181 & 22182. If you’d like a personalized analysis – email Terry Belt & The Belt Team.)Click here to see the Vienna homes that have been on the market for less than a week!
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.