Reston Real Estate: Year in Reston real estate

This is a sponsored post by Eve Thompson of Reston Real Estate.

COVID-19 did little to slow the Reston real estate market. Gains through 2021 were significant, we exceeded $800 million in volume and did 1559 transactions. The average sales price was $530k and the average days on market was 19.

While the Fed has been signaling that there will be rate increases, lenders are saying they expect rates to land in the high 3%’s to low 4%s; certainly higher than they have been, but still remarkably affordable by most measures.

In Reston expect a strong, early spring market. Low inventory will continue to drive fast contracts and low days on market. Those sellers who heed their agent’s advice for preparing and pricing their property will likely be rewarded with multiple offers.

For information on your homes value or a consultation on getting your home ready for the spring market, please feel free to contact me.

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