F o c u s O n: A r l i n g t o n C o u n t y H o u si n g M a r k e t
Ju l y 2 0 1 4
U n i ts So l d
A ct i v e I n v e n t o r y
M e d i a n Sa l e Pr i c e
D a ys O n Mar k et
278
635
$ 5 5 5,0 0 0
33
400
700
600,000
60
350
600
550,000
50
300
500,000
500
40
450,000
250 400
200 150 100
350,000
200
300,000
J-12 N-12 M-13 J-13 N-13 M-14 J-14
J-12 N-12 M-13 J-13 N-13 M-14 J-14
30
400,000
300
D o w n - 5% Vs. Year Ago
20 10
J-12 N-12 M-13 J-13 N-13 M-14 J-14
U p 4 1% Vs. Year Ago
J-12 N-12 M-13 J-13 N-13 M-14 J-14
U p 6% Vs. Year Ago
U p 5 0% Vs. Year Ago
U n i ts So l d* 160
Sold Detached
Sold Attached
Sold Condo/ Coop
140
U n i ts So l d There was a decrease in total units sold in July, with 278 sold this month in Arlington County versus 286 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 5% versus July 2013.
120 100 80 60
40 20
A c t i v e I n v e n t o r y*
0 700
Active Detached
Active Attached
Active Condo/ Coop
600 500
A cti v e In v entor y Versus last year, the total number of homes available this month is higher by 186 units or 41%. The total number of active inventory this July was 635 compared to 449 in July 2013. This month's total of 635 is lower than the previous month's total supply of available inventory of 645, a decrease of 2%.
M e d i a n Sa l e Pr i c e 600,000 500,000 400,000 300,000
Ju l - 1 3 $ 5 2 5,0 0 0
Ju l - 1 4 $ 5 5 5,0 0 0
400 300 200
100 0
M e d i a n Sa l e Pr i c e Last July, the median sale price for Arlington County Homes was $525,000. This July, the median sale price was $555,000, an increase of 6% or $30,000 compared to last year. The current median sold price is 3% lower than in June.
200,000 100,000 0
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
*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. Information 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.