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Vienna & Oakton Housing Markets Defined By Speed

In the past 30 days, 90 homes came on the market in Vienna and 78 went under contract. "Go Speed Racer, Go!" Here's what else is happening in the market.

There’s a quote that says “Just remember, once you’re over the hill, you begin to pick up speed.”

Have you ever gone biking and climbed a hill that seemed like it was never going to end? Maybe you were on a 10 speed bike and you kept changing gears, but it still seemed like you would never reach the top. That’s how the real estate market felt a few years back. Would homes ever start selling again? Would prices ever start rising?

And then boom! We hit the top of the hill so to speak. Houses ARE finally selling quickly. Prices ARE finally starting to rise. Will there be more hills ahead? Probably. But hopefully none as large as the one we just climbed.

And now that we have come over the hill, just like the biker on the 10 speed bike, we have started to pick up speed again.

  • In the last 30 days in Vienna, 90 homes came on the market and 78 homes went under contract.

  • It was similar in Oakton, with 41 new listings in the past 30 days and 32 contracts.

  • Based on the past 30 days of sales, Vienna and Oakton remain solidly in a Seller’s Market.

    Here are the details of what has happened this past week in the Vienna Oakton Housing Market:


    Last week in Vienna Real Estate (22180,22181, 22182):

    Search Homes For Sale in Vienna

    • Number of Contracts: 25

  • Average Days on Market for Active Listings: 121 days

  • Average Days on Market for Listings That Went Under Contract: 45 days

  • Inventory: 110 homes on the market

  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.1 months

  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.5 months

  • What Is My Vienna Home Worth?

     

    Last week in Oakton Real Estate (22124):

    Search Homes For Sale in Oakton

    • Number of Contracts: 7

  • Average Days on Market for Active Listings: 116 days

  • Average Days on Market for Listings That Went Under Contract: 41 days

  • Inventory: 52 homes on the market

  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.0 months

  • Number of Months Supply of Homes (Based on past 30 day contract rate): 1.6 months
  • What Is My Oakton Home Worth?

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