The Long & Foster Market Minute

Focus On: Arlington County Housing Market August 2017

Units Sold
263
Active Inventory
632
Median Sale Price
$545,000
Days On Market
34
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Down -7%
Vs. Year Ago
No Change
Vs. Year Ago
Up 10%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 263 sold this month in Arlington County Real Estate versus 309 last month, a decrease of 15%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 7%. The total number of active inventory this August was 632 compared to 680 in August 2016. This month's supply remained stable as compared to last month.

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Median Sale Price
Last August, the median sale price for Arlington County Homes was $544,250. This August, the median sale price was $545,000, which is similar compared to a year ago. The current median sold price is 4% higher than in July.

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
343
Current Contracts
234
Sold Vs. List Price
99.0%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 16%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In August, there was 2.4 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.

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New Listings & Current Contracts
This month there were 343 homes newly listed for sale in Arlington County compared to 295 in August 2016, an increase of 16%. There were 234 current contracts pending sale this August compared to 242 a year ago. The number of current contracts is 3% lower than last August.

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Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In August, the average sale price in Arlington County was 99.0% 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 34, higher than the average last year, which was 31, an increase of 10%.

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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 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.