The Long & Foster Market Minute

Focus On: Arlington County Housing Market December 2020

Units Sold
270
Active Inventory
393
Median Sale Price
$625,500
Days On Market
27
Up 29%
Vs. Year Ago
Up 131%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -10%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 270 sold this month in Arlington County Real Estate versus 224 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 29% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is higher by 223 units or 131%. The total number of active inventory this December was 393 compared to 170 in December 2019. This month's total of 393 is lower than the previous month's total supply of available inventory of 538, a decrease of 27%.

Median Sale Price
Last December, the median sale price for Arlington County Homes was $635,000. This December, the median sale price was $625,500, a decrease of 1% or $9,500 compared to last year. The current median sold price is 5% lower than in November.

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


New Listings
197
Current Contracts
184
Sold Vs. List Price
99.2%
Months of Supply
1.5
Up 88%
Vs. Year Ago
Up 37%
Vs. Year Ago
No Change
Vs. Year Ago
Up 80%
Vs. Year Ago

Months of Supply
In December, there was 1.5 months of supply available in Arlington County, compared to 0.8 in December 2019. That is an increase of 79% 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 197 homes newly listed for sale in Arlington County compared to 105 in December 2019, an increase of 88%. There were 184 current contracts pending sale this December compared to 134 a year ago. The number of current contracts is 37% higher than last December.

Sale Price to List Price Ratio
In December, 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 27, lower than the average last year, which was 30, a decrease of 10%.

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.