If you follow our Vienna Oakton Real Estate Blog, you know that two weeks ago, sales in Vienna soared. This past week, sales were still fairly swift; but they slowed somewhat in Oakton. While Vienna has moved back into a Seller's Market (due to a jump in sales, but no corresponding jump in inventory), Oakton's market remains Balanced. Here are the stats:
Last week in Vienna Real Estate (22180,22181, 22182):
- Number of Contracts: 17 (down from 19 last week, but up from 6 the previous week)
- Average Days on Market for Active Listings: 131 days
- Average Days on Market for Listings That Went Under Contract: 82 days
- Inventory: 113 homes on the market (down from 115 last week)
- Number of Months Supply of Homes (Based on past 90 day contract rate): 2.4 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months
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Last week in Oakton Real Estate (22124):
- Number of Contracts: 1 (down from 3 each of the past 3 weeks)
- Average Days on Market for Active Listings: 118 days
- Average Days on Market for Listings That Went Under Contract: 14 days
- Inventory: 53 homes on the market (up from 49 last week & up from 46 on Jan 2nd)
- Number of Months Supply of Homes (Based on past 90 day contract rate): 2.8 months
- Number of Months Supply of Homes (Based on past 30 day contract rate): 3.8 months
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