The Long & Foster Market Minute

Focus On: Arlington County Housing Market September 2020

Units Sold
273
Active Inventory
501
Median Sale Price
$710,000
Days On Market
22
Up
Vs. Year Ago
Up 64%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -15%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 273 sold this month in Arlington County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 195 units or 64%. The total number of active inventory this September was 501 compared to 306 in September 2019. This month's total of 501 is higher than the previous month's total supply of available inventory of 415, an increase of 21%.

Median Sale Price
Last September, the median sale price for Arlington County Homes was $585,000. This September, the median sale price was $710,000, an increase of 21% or $125,000 compared to last year. The current median sold price is 1% higher than in August.

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


New Listings
458
Current Contracts
264
Sold Vs. List Price
100.7%
Months of Supply
1.8
Up 48%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 1.3%
Vs. Year Ago
Up 18%
Vs. Year Ago

Months of Supply
In September, there was 1.8 months of supply available in Arlington County, compared to 1.6 in September 2019. That is an increase of 18% 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 458 homes newly listed for sale in Arlington County compared to 310 in September 2019, an increase of 48%. There were 264 current contracts pending sale this September compared to 233 a year ago. The number of current contracts is 13% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Arlington County was 100.7% of the average list price, which is 1.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 26, a decrease of 15%.

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.