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Focus On: Arlington County Housing Market

July 2013

Units Sold

Active Inventory

Median Sale Price

Days On Market

287

426

$525,000

21

400

800

600,000

70

350

700

550,000

60

300

600

500,000

50

250

500

450,000

40

200

400

400,000

30

150

300

350,000

20

100

200

300,000

J-11

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Up 11% Vs. Year Ago

N-11 M-12 J-12

N-12 M-13 J-13

10

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Down -23% Vs. Year Ago

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Up 1% Vs. Year Ago

Down -43% Vs. Year Ago

Units Sold* 180

Sold Detached

Sold Attached

Sold Condo/ Coop

160

Units Sold There was a decrease in total units sold in July, with 287 sold this month in Arlington County versus 318 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2012.

140 120 100 80 60 40 20

Active Inventory*

0 800

Active Detached

Active Attached

Active Condo/ Coop

700

600

Active Inventory Versus last year, the total number of homes available this month is lower by 128 units or 23%. The total number of active inventory this July was 426 compared to 554 in July 2012. This month's total of 426 is lower than the previous month's total supply of available inventory of 479, a decrease of 11%.

Median Sale Price 600,000 500,000 400,000 300,000

Jul-12 $520,000

Jul-13 $525,000

500 400

300 200

100 0

Median Sale Price Last July, the median sale price for Arlington County Homes was $520,000. This July, the median sale price was approximately the same at $525,000. The current median sold price is 1% higher than in July 2012.

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.


Focus On: Arlington County Housing Market

July 2013

New Listings

Current Contracts

Sold Vs. List Price

Months of Supply

316

279

99.0%

1.5

600

350

500

300

400

101% 100% 100% 99% 99% 98% 98% 97% 97% 96% 96%

250

300 200

200

150

100

100

0

J-11

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Up 13% Vs. Year Ago

N-11 M-12 J-12

N-12 M-13 J-13

5 4 3 2 1 0

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Up 32% Vs. Year Ago

No Change Vs. Year Ago

J-11 N-11 M-12 J-12 N-12 M-13 J-13

Down -31% Vs. Year Ago

Months Of Supply

Months of Supply In July, there was 1.5 months of supply available in Arlington County, compared to 2.1 in July 2012. That is a decrease of 31% versus a year ago. 1.5

1.5

1.5

1.5

1.4

2.2

2.0

1.7

1.6

2.3

2.0

2.1

1.9

1.7

1.9

3.0 2.4

3.0

2.9

3.9

4.6 3.7

4.0

3.0

2.9

5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0

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 600

New Listings & Current Contracts This month there were 316 homes newly listed for sale in Arlington County compared to 280 in July 2012, an increase of 13%. There were 279 current contracts pending sale this July compared to 211 a year ago. The number of current contracts is 32% higher than last July.

Number of New Listings

Total Pending

500

400 300

200 100 0

Sale Price/ List Price & DOM 101% 100% 100% 99% 99% 98% 98% 97% 97% 96% 96%

Avg Sale / Avg List

Average DOM

70 60

50 40 30 20 10

0

Sale Price to List Price Ratio In July, the average sale price in Arlington County was 99.0% of the average list price, which is similar compared to a year ago.

Days On Market This month, the average number of days on market was 21, lower than the average last year, which was 37, a decrease of 43%.

*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.


Arlington county july 2013  

Market statistics for new listings, homes sold, number of days on market, average price and other valuable information or Arlington County,...

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