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Focus On: Arlington County Housing Market

September 2013

Units Sold

Active Inventory

Median Sale Price

Days On Market

205

495

$525,000

33

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

S-11

J-12 M-12 S-12

S-11

J-13 M-13 S-13

No Change Vs. Year Ago

J-12 M-12 S-12

J-13 M-13 S-13

10

S-11 J-12 M-12 S-12 J-13 M-13 S-13

Up 3% Vs. Year Ago

S-11

Up 15% Vs. Year Ago

J-12 M-12 S-12

J-13 M-13 S-13

Down -6% 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 September, with 205 sold this month in Arlington County, a decrease of 31%. This month's total units sold is similar compared to a year ago.

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 higher by 16 units or 3%. The total number of active inventory this September was 495 compared to 479 in September 2012. This month's total of 495 is higher than the previous month's total supply of available inventory of 445, an increase of 11%.

Median Sale Price 600,000 500,000 400,000 300,000 200,000

Sep-12 $457,500

Sep-13 $525,000

500 400

300 200

100 0

Median Sale Price Last September, the median sale price for Arlington County Homes was $457,500. This September, the median sale price was $525,000, an increase of 15% or $67,500 compared to last year. The current median sold price is 5% higher than in August.

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

September 2013

New Listings

Current Contracts

Sold Vs. List Price

Months of Supply

371

249

98.6%

2.4

600

350

500

300

400

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

250

300 200

200

150

100

100

0

S-11

J-12 M-12 S-12

S-11

J-13 M-13 S-13

Up 23% Vs. Year Ago

J-12 M-12 S-12

J-13 M-13 S-13

5 4 3 2 1 0

S-11 J-12 M-12 S-12 J-13 M-13 S-13

Up 7% Vs. Year Ago

Up 1% Vs. Year Ago

S-11

J-12 M-12 S-12

J-13 M-13 S-13

Up 3% Vs. Year Ago

Months Of Supply

Months of Supply In September, there was 2.4 months of supply available in Arlington County, compared to 2.3 in September 2012. That is an increase of 4% versus a year ago.

2.4

1.5

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

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 371 homes newly listed for sale in Arlington County compared to 302 in September 2012, an increase of 23%. There were 249 current contracts pending sale this September compared to 232 a year ago. The number of current contracts is 7% higher than last September.

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 September, the average sale price in Arlington County was 98.6% of the average list price, which is 1.0% higher than at this time last year.

Days On Market This month, the average number of days on market was 33, lower than the average last year, which was 35, a decrease of 6%.

*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 Market Statistics September 2013