Wondering what’s happening in the greater Vienna real estate market?
- October sales were down from September. (Keep in mind that homes that went to closing in October likely went under contract in August or September.)
- Average days on market for those homes sold rose from 49 days to 66 days. So we are now seeing about a two month average time on market. This is an average – so that means some homes are selling MUCH faster. And others are just languishing on the market. Pricing accurately is of paramount importance if you want to sell sooner rather than later.
- October’s market moved a little more swiftly than September. We saw a 25% increase in the number of homes that went under contract this month versus last month.
- We also saw a decrease of 27% in new listings. This is typical as we head into the holiday season. But also means it could be a great time to sell. Buyers who are looking to move now are VERY motivated or they wouldn’t be looking at this time of year. (For example – relocation families.)
(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.