Vienna VA Housing Market Stats for January 2018: Single Family Homes

Inside Vienna VA, Market Updates by Natasha Lingle

January 2018 Vienna VA Housing Market Updates for Single Family Homes

Vienna VA Housing Market Data At Glance:

• Active Listings: 104 (Down -23.5% from January 2017).
• Sold Listings: 21 (Down -34.4% from January 2017)
• Average Days on the Market: 25 (Down -13.3% from January 2017)
• Average Price: $815,000 (Down -6.6% from January 2017)
• Total Under Contract: 55 (Down -20.3% from January 2017)

According to the newest data released by Metropolitan Regional Information System or MRIS, Vienna VA housing market is going strong. The statistics for single family homes are showing some signs of shrinking inventory. And, even though, there were fewer homes sold in January 2018 than in January of 2017, the average days on the market (DOM) was shorter which means there is a higher demand.

WHAT DO THESE STATS MEAN:

If you are a SELLER, it might be a good time to sell. Even though, the prices are slightly lower in comparison to the January of 2017, the inventory for single family homes in Vienna VA is trending downwards – which might lead to higher demand, higher prices and shorter days on the market.

If you are a BUYER who is looking to buy fast, with lower inventory and shorter DOM, you might encounter competitive situation or get into a bidding war. If you find the house that you like, don’t procrastinate and present offer as soon as possible in order to secure a deal.

Whether you are selling or buying a single family home in Vienna VA, make sure your real estate agent provides you with up to date Vienna VA housing market data, so you make an educated decision about a purchase or a sale of your home.

If you are looking to buy, please check out my article: “10 Steps to Buying a Home”.

And, as always, if you have any specific questions about real estate market or if you need help buying and/or selling real estate in Vienna VA area, feel free to contact me.

• Search Vienna VA Condos for Sale
• Search Vienna VA Single Family Homes for Sale
• Search Vienna VA New Construction Homes for Sale
• Search Vienna VA Lots & Land for Sale

Related Articles

APRIL 2019: Real Estate Market Data for Washington DC Metro Area

Market Updates

April 2019 Home Sales and Median Prices Closed sales are mixed, but inventory levels remain at historically low levels. The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data. The April 2019 Washington […]

Read More

MARCH 2019: Real Estate Market Data for Washington DC Metro Area

Market Updates

MARCH 2019 Home Sales and Median Prices The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data. The March 2019 Washington D.C. Metro area median home price of $450,000 was up 3.4% or […]

Read More

FEBRUARY 2019: Real Estate Market Data for Washington DC Metro Area

Market Updates

February 2019 Home Sales and Median Prices The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data. Inventories remain near historically low levels, pushing prices for both D.C. Metro and Baltimore Metro areas […]

Read More

JANUARY 2019: Real Estate Market Data for Washington DC Metro Area

Market Updates

January 2019 Home Sales and Median Prices The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data. The D.C. Metro and Baltimore Metro housing markets both saw record January prices. Sales continue to […]

Read More