The Long & Foster Market Minute

Focus On: Arlington County Housing Market August 2022

Units Sold
234
Active Inventory
376
Median Sale Price
$644,950
Days On Market
24
Down -23%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 234 sold this month in Arlington County Real Estate versus 253 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 23% versus August 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 157 units or 29%. The total number of active inventory this August was 376 compared to 533 in August 2021. This month's total of 376 is lower than the previous month's total supply of available inventory of 470, a decrease of 20%.

Median Sale Price
Last August, the median sale price for Arlington County Homes was $636,900. This August, the median sale price was $644,950, an increase of 1% or $8,050 compared to last year. The current median sold price is 14% lower 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.


New Listings
228
Current Contracts
224
Sold Vs. List Price
99.3%
Months of Supply
1.6
Down -31%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -8%
Vs. Year Ago

Months of Supply
In August, there was 1.6 months of supply available in Arlington County, compared to 1.7 in August 2021. That is a decrease of 8% 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 228 homes newly listed for sale in Arlington County compared to 331 in August 2021, a decrease of 31%. There were 224 current contracts pending sale this August compared to 244 a year ago. The number of current contracts is 8% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Arlington County was 99.3% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 22, an increase of 9%.

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.