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Housing Inventory Does The 'Limbo'!

Did you ever try doing the limbo? Then you know the saying "How low can you go?! Well, that's what we're wondering about housing inventory in Vienna.

Did you ever try doing the limbo? Then you know the saying "How LOW can you GO?! Well, that's what we're wondering about housing inventory in Vienna.

While Oakton's inventory is just about the same today as it was two weeks ago, Vienna's inventory dropped another 5 percent. Based on the past 30 days' sales, both Vienna and Oakton have a 2.3 month supply of homes on the market. And that is a Seller's Market!

Stay tuned to our weekly market updates on our Northern Virginia real estate blog to find out "how low will it go?!"

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

Search Homes For Sale in Vienna

  • Number of Contracts: 11
  • Average Days on Market for Active Listings: 129 days
  • Average Days on Market for Listings That Went Under Contract: 39 days
  • Inventory: 140 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): 2.3 months


Last week in
Oakton Real Estate (22124):

Search Homes For Sale in Oakton

  • Number of Contracts: 5
  • Average Days on Market for Active Listings: 103 days
  • Average Days on Market for Listings That Went Under Contract: 87
  • Inventory: 68 homes on the market
  • Number of Months Supply of Homes (Based on past 90 day contract rate): 2.9 months
  • Number of Months Supply of Homes (Based on past 30 day contract rate): 2.3 months

Contact The Belt Team for more information, via email or at 703-242-3975.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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