The Long & Foster Market Minute

Focus On: Arlington County Housing Market October 2021

Units Sold
275
Active Inventory
517
Median Sale Price
$688,000
Days On Market
31
Up 3%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 82%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 275 sold this month in Arlington County Real Estate versus 244 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 3% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 64 units or 11%. The total number of active inventory this October was 517 compared to 581 in October 2020. This month's total of 517 is lower than the previous month's total supply of available inventory of 565, a decrease of 8%.

Median Sale Price
Last October, the median sale price for Arlington County Homes was $675,000. This October, the median sale price was $688,000, an increase of 2% or $13,000 compared to last year. The current median sold price is 5% higher than in September.

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


New Listings
361
Current Contracts
276
Sold Vs. List Price
99.4%
Months of Supply
1.9
Down -15%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -14%
Vs. Year Ago

Months of Supply
In October, there was 1.9 months of supply available in Arlington County, compared to 2.2 in October 2020. That is a decrease of 14% 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 361 homes newly listed for sale in Arlington County compared to 424 in October 2020, a decrease of 15%. There were 276 current contracts pending sale this October compared to 251 a year ago. The number of current contracts is 10% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Arlington County was 99.4% of the average list price, which is 1.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 17, an increase of 82%.

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.