As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets.Today, I’m focusing on Vienna. Given the timeframe, I focused my attention on new listing activity over the past 10 days.
Market Statistics in Vienna: March 16-March 25th, 2020
• There are 41 new home listings in Vienna in the past 10 days, compared to 39 in the same period of 2019.
So no significant change in listing volume so far.
• 34 homes went under contract in Vienna over the past 10 days. During the same period of 2019, 42 homes went under contract.
That translates to an 20% decrease in homes under contract in the past 10 days vs the same period of 2019.
• Over the past 10 days, 19 homes have been withdrawn or temporarily taken off the market.
Lou Sagatov, Realtor®