Vienna Real Estate Market – February 2016 Stats

Wondering what’s happening in the Vienna real estate market?


 

  • 75 homes went under contract in Vienna in February. This is up 25% over February 2015. And with 111 homes coming on the market in February, new listings were also up over the same month last year.
  • Homes sold faster this February than they did last year – with an average of just 58 days. This last number really doesn’t tell the story though because homes that sold in February likely went under contract in December or January. The interesting number is that 47% – almost half – of the homes that went under contract in Vienna in February – did so in 10 days or less!
  • We currently have a 2.6 month supply of homes in Vienna. That translates in mnay price ranges to a Seller’s Market. Making it a GREAT time to sell and a challenging time to buy!

BUYERS – This means you need to prepare to move FAST so that when your dream home comes on the market – you can pounce. Better yet – talk to us about our Priority Notification System and find out about homes BEFORE they come on the market!


SELLERS – You still need to price right & prepare properly. The other side of the coin is that of the 194 homes currently on the market, 26% have been on for 6 or more months, and 8% have been on for more than a year!


(Call 703-242-3975 for our FREE Report “Questions To Ask Your Realtor BEFORE You Sell”. And find out how our listings sell FASTER and for MORE MONEY than the average agent’s listings.)


Here’s a quick update by the numbers for February 2016:
 
Buyers Market or Sellers Market Vienna VA

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.

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