Focus On: Arlington County Housing Market
January 2014
Units Sold
Active Inventory
Median Sale Price
Days On Market
132
375
$498,975
38
650 600 550 500 450 400 350 300 250 200
400 350 300 250 200 150
100
70
550,000
60
500,000
50
450,000
40
400,000
30
350,000
20 10
300,000
J-12 M-12 S-12
J-12 M-12 S-12 J-13 M-13 S-13 J-14
600,000
Down Vs. Year Ago
J-13 M-13 S-13
J-14
J-12 M-12 S-12 J-13 M-13 S-13 J-14
Up 25% Vs. Year Ago
J-12 M-12 S-12 J-13 M-13 S-13 J-14
Up 11% Vs. Year Ago
Down -30% 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 January, with 132 sold this month in Arlington County. This month's total units sold was lower than at this time last year.
140 120 100 80 60 40 20
Active Inventory*
0 700
Active Detached
Active Attached
Active Condo/ Coop
600
500
Active Inventory Versus last year, the total number of homes available this month is higher by 76 units or 25%. The total number of active inventory this January was 375 compared to 299 in January 2013. This month's total of 375 is lower than the previous month's total supply of available inventory of 388, a decrease of 3%.
Median Sale Price 600,000 500,000 400,000 300,000 200,000
Jan-13 $450,000
Jan-14 $498,975
400
300 200
100 0
Median Sale Price Last January, the median sale price for Arlington County Homes was $450,000. This January, the median sale price was $498,975, an increase of 11% or $48,975 compared to last year. The current median sold price is 7% lower than in December.
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
January 2014
New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
239
196
98.1%
2.8
101% 100% 100% 99% 99% 98% 98% 97% 97% 96%
400
600
350
500
300
400
250
300
200 150
200
100
100
50 0
0
J-12 M-12 S-12 J-13 M-13 S-13 J-14
Up 7% Vs. Year Ago
J-12 M-12 S-12
J-13 M-13 S-13
J-14
5 4 4 3 3 2 2 1 1 0
J-12 M-12 S-12 J-13 M-13 S-13 J-14
Up 8% Vs. Year Ago
No Change Vs. Year Ago
J-12 M-12 S-12 J-13 M-13 S-13 J-14
Up 29% Vs. Year Ago
Months Of Supply 3.9
Months of Supply In January, there was 2.8 months of supply available in Arlington County, compared to 2.2 in January 2013. That is an increase of 28% versus a year ago.
2.1 1.9 2.3 2.0 1.6 1.7 2.2 1.9 1.4 1.4 1.5 1.5 1.5 1.5 2.5 2.0 2.6 1.8 2.8
1.7
1.9
2.4
2.9 3.0
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 239 homes newly listed for sale in Arlington County compared to 224 in January 2013, an increase of 7%. There were 196 current contracts pending sale this January compared to 181 a year ago. The number of current contracts is 8% higher than last January.
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%
Avg Sale / Avg List
Average DOM
70 60
50 40 30 20 10
0
Sale Price to List Price Ratio In January, the average sale price in Arlington County was 98.1% 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 38, lower than the average last year, which was 54, a decrease of 30%.
*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.