The Long & Foster Market Minute

Focus On: Arlington County Housing Market September 2021

Units Sold
241
Active Inventory
545
Median Sale Price
$649,000
Days On Market
31
Down -13%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 48%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 241 sold this month in Arlington County Real Estate versus 301 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 13% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 33 units or 6%. The total number of active inventory this September was 545 compared to 512 in September 2020. This month's total of 545 is higher than the previous month's total supply of available inventory of 515, an increase of 6%.

Median Sale Price
Last September, the median sale price for Arlington County Homes was $712,500. This September, the median sale price was $649,000, a decrease of 9% or $63,500 compared to last year. The current median sold price is 2% higher than in August.

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


New Listings
428
Current Contracts
292
Sold Vs. List Price
99.4%
Months of Supply
2.3
Down -7%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Up 22%
Vs. Year Ago

Months of Supply
In September, there was 2.3 months of supply available in Arlington County, compared to 1.9 in September 2020. That is an increase of 22% 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 428 homes newly listed for sale in Arlington County compared to 460 in September 2020, a decrease of 7%. There were 292 current contracts pending sale this September compared to 265 a year ago. The number of current contracts is 10% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Arlington County was 99.4% of the average list price, which is 1.3% 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 21, an increase of 48%.

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.