This is a sponsored post by Eve Thompson of Reston Real Estate.
There’s no two ways about it — Reston real estate marketing is feeling sluggish.
We currently have 389 active listings. The sluggishness is demonstrated in the Pending Sales, which are sitting at 89. Our pending sales usually run between 115 and 120, so this is a pretty significant drop in activity.
It’s interesting to note that our volume of sales compared to last year is actually up both in dollar volume (up 17.7 percent), and in the number of houses sold (up 20 percent).
The other critical number that is way up is “days on market,” which is up a whopping 71 percent! The average days on market before getting a contract is now 48 days.
For sellers, it is crucial to get in front of the pack. That means being the best-priced, best-presented property in your category. For buyers, the trick is going to be keeping an eye on interest rates which are still amazing but are expected to start trending up.
Here are some of the new listings in Reston:
11202 WEDGE DR 3BR 3.5BA. List Price: $689,999 OPEN SUNDAY
Visit Reston Real Estate for more home listings and sale information.