This is a sponsored post from Eve Thompson of Reston Real Estate.
In my most recent Just Listed column, I had said that we were adding new listings at about the same rate they were going under contract. I would like to amend that now and just say what a lot of agents have been feeling for the past couple of weeks — the market has slowed a bit.
Only 15 properties went from a pending to sold status last week. That is down by about 50 percent from the week prior. In Reston, that’s not a catastrophe but it is something to be aware of as you think about buying and selling over the summer.
For buyers, it may signal that you can be a little more aggressive in your offers. For sellers, it may mean that this is not the time to push the market in terms of pricing. Here are a few that sold this past week.
- 11604 QUAIL RIDGE CT. Listed at $849,000. Sold at $840,000
- 12160 ABINGTON HALL PL #201. Listed at $425,000. Sold at $425,000
- 2225 GUNSMITH SQ. Listed at $389,900, Sold at $385,000
- 2283 HUNTERS RUN DR. Listed at $319,900. Sold at $308,000
As always, if you maintain awareness of the real market for your home and price it there, you will be rewarded with a quick sale at a great price.