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.

Recent Stories

Chase Bank is seeking to add a drive-thru to a recently opened branch in the Herndon area (via Google Maps) Chase Bank is seeking Fairfax County’s permission to add a…

What do I do if school doesn’t fit my kid? That’s the question that so many of the parents and families ask when they’re looking at small independent schools like…

Fairfax County police vehicle with lights (file photo) The Fairfax County Police Department touted the county’s status as the safest jurisdiction of its size following the release of its year-end…

A Great Falls man pleaded guilty on Friday (March 15) to failing to pay $1.8 million to the Internal Revenue Service.

×

Subscribe to our mailing list