The Long & Foster Market Minute
Focus On: North Arlington Housing Market February 2017
Zip Code(s): 22207, 22205 and 22213
Units Sold
36
Active Inventory
133
Median Sale Price
$937,500
Days On Market
56
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -3%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -3%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in February, with 36 sold this month in North Arlington Real Estate versus 43 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 3% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 3%. The total number of active inventory this February was 133 compared to 129 in February 2016. This month's total of 133 is lower than the previous month's total supply of available inventory of 134, a decrease of 1%.

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Median Sale Price
Last February, the median sale price for North Arlington Homes was $834,000. This February, the median sale price was $937,500, an increase of 12% or $103,500 compared to last year. The current median sold price is 17% higher than in January.

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

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New Listings
95
Current Contracts
68
Sold Vs. List Price
98.4%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 30%
Vs. Year Ago
Up 19%
Vs. Year Ago
No Change
Vs. Year Ago
Up 6%
Vs. Year Ago
Months of Supply
In February, there was 3.7 months of supply available in North Arlington, compared to 3.5 in February 2016. That is an increase of 6% 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.

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New Listings & Current Contracts
This month there were 95 homes newly listed for sale in North Arlington compared to 73 in February 2016, an increase of 30%. There were 68 current contracts pending sale this February compared to 57 a year ago. The number of current contracts is 19% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in North Arlington was 98.4% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 56, lower than the average last year, which was 58, a decrease of 3%.

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North Arlington are defined as properties listed in zip code/s 22207, 22205 and 22213.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.