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Focus On: Arlington County Housing Market Units Sold

Active Inventory

231

736

350 300 250

July 2011

Median Sale Price

Days On Market

$500,000

43

1,000

600,000

70

800

500,000

60

200

600

150

400

50

400,000

40

300,000

100 50 0

100,000

0

0

J-09

J-09 N-09 M-10 J-10 N-10 M-11 J-11

30

200,000

200

Up 1% Vs. Year Ago

N-09 M-10 J-10

N-10 M-11 J-11

20 10 0

J-09 N-09 M-10 J-10 N-10 M-11 J-11

Down -11% Vs. Year Ago

J-09 N-09 M-10 J-10 N-10 M-11 J-11

Down -6% Vs. Year Ago

Up 13% Vs. Year Ago

Units Sold* 160

Sold Detached

Sold Attached

Sold Condo/ Coop

140

Units Sold

There was an increase in total units sold in July, with 231 sold this month in Arlington County versus 220 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 1% versus July 2010.

120 100 80 60 40 20

Active Inventory*

0

Active Inventory

Versus last year, the total number of homes available this month is lower by 93 units or 11%. The total number of active inventory this July was 736 compared to 829 in July 2010. This month's total of 736 is lower than the previous month's total supply of available inventory of 774, a decrease of 5%.

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

Jul-10 $529,990

Jul-11 $500,000

1,000 900 800 700 600 500 400 300 200 100 0

Active Detached

Active Attached

Active Condo/ Coop

Median Sale Price

Last July, the median sale price for Arlington County Homes was $529,990. This July, the median sale price was $500,000, a decrease of 6% or $29,990 compared to last year. The current median sold price is 6% 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.


Focus On: Arlington County Housing Market New Listings

Current Contracts

300

190

450 400 350 300 250 200 150 100 50 0

700 600 500 400 300 200 100 0

Sold Vs. List Price 97.8%

Months of Supply

99%

5

98%

4

98% 97%

3

97%

2

96%

1

96%

0

95%

Down -14% Vs. Year Ago

N-09 M-10 J-10

3.2

6

99%

J-09

J-09 N-09 M-10 J-10 N-10 M-11 J-11

July 2011

N-10 M-11 J-11

J-09 N-09 M-10 J-10 N-10 M-11 J-11

Down -5% Vs. Year Ago

No Change Vs. Year Ago

J-09 N-09 M-10 J-10 N-10 M-11 J-11

Down -12% Vs. Year Ago

3.2

3.5

3.5

3.4 2.8

3.5

4.5

Months of Supply

4.3

4.6 4.0

4.5 3.4

3.6 2.7

3.0

2.9

3.0

3.5 2.7

3

2.5

4

3.4

3.3

5

3.4

4.8

6

4.9

Months Of Supply

2

In July, there was 3.2 months of supply available in Arlington County, compared to 3.6 in July 2010. That is a decrease of 12% 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.

1 0

New Listings & Current Contracts 700

New Listings & Current Contracts

This month there were 300 homes newly listed for sale in Arlington County compared to 347 in July 2010, a decrease of 14%. There were 190 current contracts pending sale this July compared to 200 a year ago. The number of current contracts is 5% lower than last month.

Number of New Listings

Total Pending

600 500 400 300 200 100 0

Sale Price/ List Price & DOM 99%

Avg Sale / Avg List

Average DOM

70

99%

60

98%

50

98% 97% 97%

40 30

96%

20

96%

10

95%

0

Sale Price to List Price Ratio

In July, the average sale price in Arlington County was 97.8% 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 43, higher than the average last year, which was 38, an increase of 13%.

*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.

Long & Foster Market Minute Arlington County July 2011  

Monthly report of units sold, active inventory, days on market, median sales price, new listings, current contracts, sales price v. list pri...