Real Estate
How is COVID-19 Impacting the Tysons Corner Real Estate Market?
See how your Tysons Corner home value has been affected by COVID-19.
After a short slowdown in showings, buyers are back out looking for homes again. MLS stats show that home showings are up from previous weeks and continue to increase.
Here is the latest stats on what's happening in the Tysons Corner Real Estate Market last month:
- 38 homes in Tysons Corner came on the market
- 15 went under contract
- 25 closed sales - The median days on market was 57days with sellers getting 100% of the original list price.
This indicates that Tysons Corner is still a seller's market! Compared to last year, in April 2019, there were 49 new listings, 40 under contract, and 38 closed sales in Tysons Corner. The median days on market was 9 days with sellers getting 100% of their list price, indicating that, while these is less volume of sales, COVID-19 has not yet significantly impacted Tysons Corner home sales.
Find out what's happening in Tysons Cornerfor free with the latest updates from Patch.
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Home buyers are spending more time online looking for homes and buyer traffic remains strong in Virginia. According to ShowingTime, the number of buyers scheduling showings for homes has steadily increased in the last month. Showings are up 12% compared to January 2020 and we are getting closer to last year's numbers as well. Buyers who wanted to "wait and see" are now back in the market.
Find out what's happening in Tysons Cornerfor free with the latest updates from Patch.
Check out the latest homes for sale in Tysons Corner:
We will keep you up to date with the latest Tysons Corner real estate information and statistics here on Patch. If you have any questions about your specific situation, please reach out to Peggy directly at 703-420-3499 or email her at Peggy@PeggyYee.com.
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