This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.
Reston had a really strong 2018 in real estate. The total volume of transactions will finish at about 1,300 and the average home price was 474,000 a 5% increase over last year.
Inventory of homes for sale has been very low but hasn’t caused any type of panic in the buyers, nor has it embolden the seller to push their list prices up. Days on market are now averaging 40, and about 45% of 2018 transactions included a seller contribution to the buyers closing costs.
Reston continues to be an appealing housing market for many buyers. The metro, the Dulles Tech corridor combined with diverse housing options and great amenities puts Reston on the top of a lot of buyer’s lists.
Here are the numbers for the past 10 years.
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The latest Reston Home Insider explains why buyer fatigue is so common right now and ways to push through it.