The Long & Foster Market Minute

Focus On: Arlington County Housing Market April 2019

Units Sold
275
Active Inventory
269
Median Sale Price
$649,500
Days On Market
28
Up 1%
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 275 sold this month in Arlington County Real Estate versus 211 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 1% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 251 units or 48%. The total number of active inventory this April was 269 compared to 520 in April 2018. This month's total of 269 is lower than the previous month's total supply of available inventory of 282, a decrease of 5%.

Median Sale Price
Last April, the median sale price for Arlington County Homes was $558,000. This April, the median sale price was $649,500, an increase of 16% or $91,500 compared to last year. The current median sold price is 12% higher than in March.

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


New Listings
344
Current Contracts
286
Sold Vs. List Price
99.9%
Months of Supply
1.0
Down -29%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -48%
Vs. Year Ago

Months of Supply
In April, there was 1.0 months of supply available in Arlington County, compared to 1.9 in April 2018. That is a decrease of 49% versus 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 344 homes newly listed for sale in Arlington County compared to 485 in April 2018, a decrease of 29%. There were 286 current contracts pending sale this April compared to 326 a year ago. The number of current contracts is 12% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Arlington County was 99.9% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 28, which is similar compared to a year ago.

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.