The Long & Foster Market Minute

FOCUS ON: ARLINGTON COUNTY HOUSING MARKET JANUARY 2025

Units Sold
128
Active Inventory
262
Median Sale Price
$593,250
Days On Market
42
Up 2%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -8%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 128 sold this month in Arlington County Real Estate versus 148 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 2% versus January 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 9 units or 3%. The total number of active inventory this January was 262 compared to 271 in January 2024. This month's total of 262 is lower than the previous month's total supply of available inventory of 272, a decrease of 4%.

Median Sale Price
Last January, the median sale price for Arlington County Homes was $647,500. This January, the median sale price was $593,250, a decrease of $54,250 compared to last year. The current median sold price is lower than in December.

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


New Listings
176
Current Contracts
153
Sold Vs. List Price
99.5%
Months of Supply
2.0
Down -20%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -5%
Vs. Year Ago

Months of Supply
In January, there was 2.0 months of supply available in Arlington County, compared to 2.2 in January 2024. That is a decrease of 5% 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 176 homes newly listed for sale in Arlington County compared to 221 in January 2024, a decrease of 20%. There were 153 current contracts pending sale this January compared to 175 a year ago. The number of current contracts is 13% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Arlington County was 99.5% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 42, 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 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.