The Long & Foster Market Minute

Focus On: Arlington County Housing Market June 2018

Units Sold
337
Active Inventory
613
Median Sale Price
$525,000
Days On Market
24
Down -7%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -17%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 337 sold this month in Arlington County Real Estate versus 329 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 7% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 34 units or 5%. The total number of active inventory this June was 613 compared to 647 in June 2017. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Arlington County Homes was $630,950. This June, the median sale price was $525,000, a decrease of 17% or $105,950 compared to last year. The current median sold price is 6% lower than in May.

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


New Listings
403
Current Contracts
299
Sold Vs. List Price
99.8%
Months of Supply
1.8
Down -8%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 1.8 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.

New Listings & Current Contracts
This month there were 403 homes newly listed for sale in Arlington County compared to 440 in June 2017, a decrease of 8%. There were 299 current contracts pending sale this June compared to 330 a year ago. The number of current contracts is 9% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Arlington County was 99.8% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, which is similar compared to a year ago.

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.