"There's no place like home. . . there's no place like home. . . there's no place like home." Home for The Belt Team is Vienna, Virginia. Please stop by frequently and share with us all the things about life in Vienna that make Vienna truly the best place to live.

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Tuesday, April 9, 2013

Pace of Vienna Real Estate Market Quickens

We normally keep our blog posts about Vienna real estate separate from our "Life In Vienna" blog, but sometimes the news just needs to be shared. A lot of folks who follow along on this blog are people who are thinking about moving to Vienna and many are people who already live here. And since home values & real estate seem to be part of every dinner party or baseball game conversation, we figured we'd post a quick update.

In the past 30 days, homes in Vienna went under contract at the fastest pace we’ve seen this year.

In a “Balanced Housing Market", there is about 6 months of housing inventory. Current supply in Vienna is only 1.1 months!

Statistics show we are almost to the point where for every home listed, a home goes under contract!

In the past 30 days, there were 114 new listings – and 105 homes went under contract. With home sales moving so swiftly, it's pretty obvious that we are not the only ones who LOVE LIVING IN VIENNA!

For more info on the Vienna real estate market, follow our weekly, hyperlocal updates on our Northern VA Real Estate blog.