Vienna/Dunn Loring, VA Market Report – 11/20/13

20 Nov
November 20, 2013

The warm weather has come and gone but the Vienna Real Estate market is still hot as we round out October.

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$22,325,707

+27.43%

-37.68%

Closed Sales

23

+4.55%

-42.5%

Median Sold Price

$950,000

+23.18%

+14.81%

Avg Sold Price

$970,683

+21.89%

+8.38%

Avg Days on Market

33 days

-26.67%

-32.65%

Avg Sold to Orig List Ratio

96.29%

+0.48%

-1.69%

Homes are staying on the market for a shorter amount of time than last year and sold prices are up a healthy 8 percent. For only having 2 months worth of inventory on the market you can see that we are out selling what is available.

 Interest rates are on the rise and there are no immediate signs of them dropping again. If you are a buyer waiting for rates to come down to enter the Vienna market, the ship of 3 percent has sailed. Jump in this healthy market now before winter comes and prices creep up more. Current owners in Vienna, your market continues to stay strong! If it is time to make a move for one reason or another, contact our Tysons Corner Office, and one of our knowledgeable agents will get  you more money and sell your home faster!

Market data and commentary provided by Chris Brown, Manager of the Tysons Regional Office,  Avery-Hess, Realtors.

Search for homes in Vienna, Dunn Loring, and all of the DC Metro: www.averyhess.com

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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