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Focus On: Arlington County Housing Market Units Sold

Active Inventory

140

Median Sale Price

718

300 250 200 150 100 50 0

O-09 F-10

J-10 O-10 F-11

42

600,000

70

500,000

60 50

400,000

40

300,000

30

200,000

20

100,000

10 0

0

O-09 F-10

J-11 O-11

Days On Market

$487,500

900 800 700 600 500 400 300 200 100 0

350

October 2011

Down -22% Vs. Year Ago

J-10

O-10 F-11

J-11

O-11

O-09 F-10 J-10 O-10 F-11 J-11 O-11

Down -12% Vs. Year Ago

O-09 F-10

Down -3% Vs. Year Ago

J-10 O-10 F-11

J-11 O-11

Up 5% Vs. Year Ago

Units Sold* 160

Sold Detached

Sold Attached

Sold Condo/ Coop

140

Units Sold

There was a decrease in total units sold in October, with 140 sold this month in Arlington County versus 176 last month, a decrease of 20%. This month's total units sold was lower than at this time last year, a decrease of 22% versus October 2010.

120 100 80 60 40 20

Active Inventory*

0 900

Active Detached

Active Attached

Active Condo/ Coop

800 700 600

Active Inventory

Versus last year, the total number of homes available this month is lower by 94 units or 12%. The total number of active inventory this October was 718 compared to 812 in October 2010. This month's total of 718 is lower than the previous month's total supply of available inventory of 766, a decrease of 6%.

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

Oct-10 $502,500

Oct-11 $487,500

500 400 300 200 100 0

Median Sale Price

Last October, the median sale price for Arlington County Homes was $502,500. This October, the median sale price was $487,500, a decrease of 3% or $15,000 compared to last year. The current median sold price is 1% higher than in September.

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

267

199

450 400 350 300 250 200 150 100 50 0

700 600 500 400 300 200 100 0

O-09 F-10

J-10 O-10 F-11

Sold Vs. List Price 97.6%

Months of Supply

99%

5

98%

4

98% 97%

3

97%

2

96%

1

96%

0

95%

Down -15% Vs. Year Ago

J-10

O-10 F-11

J-11

5.1

6

99%

O-09 F-10

J-11 O-11

October 2011

O-11

O-09 F-10 J-10 O-10 F-11 J-11 O-11

Up 13% Vs. Year Ago

No Change Vs. Year Ago

O-09 F-10

J-10 O-10 F-11

J-11 O-11

Up 13% Vs. Year Ago

4.4 3.2

Months of Supply

In October, there was 5.1 months of supply available in Arlington County, compared to 4.5 in October 2010. That is an increase of 13% versus a year ago.

3.2

3.5

3.5

3.4

3.3

4.4 2.7

4.2

4.5

4.0

3.6 2.9

3.4

4.4

4.8 2.9

2.9

2.6

3

2.6

4

3.4

5

3.3

4.8

6

5.1

Months Of Supply

2

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 267 homes newly listed for sale in Arlington County compared to 315 in October 2010, a decrease of 15%. There were 199 current contracts pending sale this October compared to 176 a year ago. The number of current contracts is 13% higher 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 October, the average sale price in Arlington County was 97.6% 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 42, higher than the average last year, which was 40, an increase of 5%.

*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 October 2011  

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

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