When is the best time to sell your home in the Tysons Corner area of Vienna and McLean? As you can see in the image to the right, last Sunday during the “snowstorm” may not have been the best time… Still, we had a good turnout at our open house and there are plenty of buyers out looking.
A common complaint from buyers and agents this spring has been that the market has been slow and the availability of homes limited. While that may be true in some neighborhoods, the three first months this year has not been significantly slower than previous years. If we look at the number of new listings and closings in the 22182 and 22102 zipcodes (see the two tables below), the difference is about 10% number-wise.
Based on what we see, prices last year rose in most communities throughout the whole year and they seem to have maintained the level from last year up to this point.With the spring finally here, we expect to see buyers to start their home search in earnest over the next month or two. They will be driven by still low interest rates (that are expected to start rising next year), a hope of continued appreciation and the increased availability of great homes typically coming on the market this time of the year.
So, if you have a choice, when should you sell your home in the Tysons Corner area this year? We don’t think the timing for the rest of the year is that important – we expect the market to remain stable throughout this year with a more balanced supply of buyers and sellers (leaning towards a sellers market still though.)