The Long & Foster Market Minute

Focus On: Arlington County Housing Market October 2018

Units Sold
227
Active Inventory
515
Median Sale Price
$550,000
Days On Market
53
Down -14%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 227 sold this month in Arlington County Real Estate versus 220 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 14% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 67 units or 12%. The total number of active inventory this October was 515 compared to 582 in October 2017. This month's total of 515 is lower than the previous month's total supply of available inventory of 562, a decrease of 8%.

Median Sale Price
Last October, the median sale price for Arlington County Homes was $600,000. This October, the median sale price was $550,000, a decrease of 8% or $50,000 compared to last year. The current median sold price is 7% higher than in September.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
306
Current Contracts
228
Sold Vs. List Price
99.2%
Months of Supply
2.3
Up 2%
Vs. Year Ago
Down -16%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 2.3 months of supply available in Arlington County. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 306 homes newly listed for sale in Arlington County compared to 301 in October 2017, an increase of 2%. There were 228 current contracts pending sale this October compared to 270 a year ago. The number of current contracts is 16% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Arlington County was 99.2% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 53, lower than the average last year, which was 55, a decrease of 4%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.