{"id":44850,"date":"2025-01-24T11:03:40","date_gmt":"2025-01-24T11:03:40","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/what-does-the-year-end-mean-for-buyers-and-sellers-northern-virginia-real-estate-blog\/"},"modified":"2025-01-24T11:03:40","modified_gmt":"2025-01-24T11:03:40","slug":"what-does-the-year-end-mean-for-buyers-and-sellers-northern-virginia-real-estate-blog","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=44850","title":{"rendered":"What does the year-end mean for buyers and sellers? \u2013 Northern Virginia Real Estate Blog"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>The month-end stats\u00a0are out and Terry\u2019s back with the latest on the current real estate market. \u00a0Historically, the end of the year has been a great time to buy a home\u2014but is that true this year?And what should sellers know right now?\u00a0Watch as Terry breaks down what buyers and sellers need to know in today\u2019s market!\u00a0 \u00a0<\/strong><\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\">\n<p><iframe loading=\"lazy\" title=\"Is it a good time to buy?  What about selling?  Market update is here!\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/cECtL0jZzTM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/figure>\n<p><strong>To see all of our home sales numbers for the Northern Virginia Region and many of our hyper local areas, see below and then head to the links at the bottom of the page.<\/strong><\/p>\n<p><strong><span style=\"text-decoration: underline\"><u>Northern Virginia <\/u>October 2024<u> Home Sales:<\/u><\/span><\/strong><\/p>\n<p>\u2022 <strong>2,343\u00a0homes went under contract<\/strong>\u00a0in the region. This is\u00a0<strong>up 15%<\/strong> from the same time period in 2023.<\/p>\n<p>\u2022 <strong>53%<\/strong>\u00a0of the homes that went to settlement in October 2024, sold in 10 days or less from when they hit the market.<\/p>\n<p>\u2022 Average sold price was\u00a0<strong>$785,456<\/strong>\u00a0(<strong>up 10%<\/strong> from the same time period in 2023).<\/p>\n<p>\u2022 <strong>\u00a02,191 homes came on the market<\/strong>. That\u2019s <strong>up 0.2% <\/strong>from October 2023.<\/p>\n<p>\u2022 Homes that sold (closed)\u00a0<strong>averaged 21 days on market,<\/strong> <strong>4 days slower than <\/strong>October 2023.<\/p>\n<p>\u2022 There is currently a\u00a0<strong>1.3 month supply<\/strong>\u00a0of homes (remember, in a balanced market \u2013 the demand from buyers equals the supply from sellers \u2013 there is a 5-6 months supply) in Northern Virginia \u2013 and 3,018 homes for sale (townhouse, condo and single-family).<\/p>\n<p><strong>OVERALL: Northern Virginia remained in a Seller\u2019s Market<\/strong>. The number of homes coming on the market\u00a0 and the number going under contract decreased from last month.\u00a0 Overall inventory was down from September, but <strong>up 6%<\/strong> year-over-year.\u00a0 Average sold price decreased just slightly but was up from this time last year.<\/p>\n<p><strong><em>To see what the conditions are like in your community, click on the link to your desired city below!\u00a0<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/vienna_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Vienna: October 2024 Home Sales<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/oakton_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Oakton: October 2024 Home Sales\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/mclean_2024\" target=\"_blank\" rel=\"noreferrer noopener\">McLean: October 2024 Home Sales\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/great_falls_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Great Falls: October 2024 Home Sales\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/reston_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Reston: October 2024 Home Sales\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/falls_church_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Falls Church: October 2024 Home Sales\u00a0<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/arlington_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Arlington: October 2024 Home Sales<\/a><\/p>\n<p><a href=\"https:\/\/www.thebeltteam.com\/alexandria_2024\" target=\"_blank\" rel=\"noreferrer noopener\">Alexandria: October 2024 Home Sales\u00a0\u00a0<\/a><\/p>\n<p style=\"font-size:10px\"><strong><em>*Data compiled from SmartCharts, MarketStats by ShowingTime, whose data comes directly from the Multiple Listing Service (MLS).<\/em><\/strong><\/p>\n<p><strong>Ready to make your next move in Northern Virginia\u2019s real estate market? Whether you\u2019re looking to buy or sell, having an expert on your side can make all the difference. With years of experience and deep knowledge of the local market, we\u2019re here to guide you every step of the way. Let\u2019s discuss your goals and create a personalized strategy for your success. Contact us today and put a seasoned Northern Virginia realtor in your corner!<\/strong><\/p>\n<p><strong>(703) 242-3975 | Info@TheBeltTeam.com | or fill out our\u00a0<\/strong><a href=\"https:\/\/thebeltteam.com\/connect\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Us<\/a><strong>\u00a0form<\/strong><\/p>\n<\/p><\/div>\n<p><script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=249643311490&version=v2.3\"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The month-end stats\u00a0are out and Terry\u2019s back with the latest on the current real estate market. \u00a0Historically, the end of the year has been a great time to buy a home\u2014but is that true this year?And what should sellers know right now?\u00a0Watch as Terry breaks down what buyers and sellers need to know in today\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[3767,14422,4856,7688,482,9716,14607,11378],"dealstore":[],"offerexpiration":[],"class_list":["post-44850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-blog","tag-buyers","tag-estate","tag-northern","tag-real","tag-sellers","tag-virginia","tag-yearend"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What does the year-end mean for buyers and sellers? 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