The Long & Foster Market Minute

Focus On: Arlington County Housing Market February 2019

Units Sold
170
Active Inventory
239
Median Sale Price
$567,500
Days On Market
44
Down -7%
Vs. Year Ago
Down -39%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in February, with 170 sold this month in Arlington County Real Estate versus 175 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 7% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 155 units or 39%. The total number of active inventory this February was 239 compared to 394 in February 2018. This month's total of 239 is lower than the previous month's total supply of available inventory of 244, a decrease of 2%.

Median Sale Price
Last February, the median sale price for Arlington County Homes was $540,000. This February, the median sale price was $567,500, an increase of 5% or $27,500 compared to last year. The current median sold price is 6% lower 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.


New Listings
253
Current Contracts
205
Sold Vs. List Price
99.3%
Months of Supply
1.4
Down -17%
Vs. Year Ago
Down -7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -34%
Vs. Year Ago

Months of Supply
In February, there was 1.4 months of supply available in Arlington County, compared to 2.2 in February 2018. That is a decrease of 35% 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 253 homes newly listed for sale in Arlington County compared to 304 in February 2018, a decrease of 17%. There were 205 current contracts pending sale this February compared to 220 a year ago. The number of current contracts is 7% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Arlington County was 99.3% 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 44, lower than the average last year, which was 47, a decrease of 6%.

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.