Page 1

Focus On: Arlington County Housing Market Units Sold

Active Inventory

175

751

900 800 700 600 500 400 300 200 100 0

350 300 250 200 150 100 50 0

S-09

J-10 M-10 S-10

Median Sale Price

Days On Market

$480,000

49

600,000

70

500,000

60 50

400,000

40

300,000

30

200,000

20

100,000

10 0

0

S-09

J-11 M-11 S-11

September 2011

Down -6% Vs. Year Ago

J-10 M-10 S-10

J-11 M-11 S-11

S-09 J-10 M-10 S-10 J-11 M-11 S-11

Down -8% Vs. Year Ago

S-09

Up 4% Vs. Year Ago

J-10 M-10 S-10

J-11 M-11 S-11

Up 11% 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 September, with 175 sold this month in Arlington County versus 217 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 6% versus September 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 67 units or 8%. The total number of active inventory this September was 751 compared to 818 in September 2010. This month's total of 751 is higher than the previous month's total supply of available inventory of 685, an increase of 10%.

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

Sep-10 $460,750

Sep-11 $480,000

500 400 300 200 100 0

Median Sale Price

Last September, the median sale price for Arlington County Homes was $460,750. This September, the median sale price was $480,000, an increase of 4% or $19,250 compared to last year. The current median sold price is 3% lower than in August.

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

350

171

450 400 350 300 250 200 150 100 50 0

700 600 500 400 300 200 100 0

S-09

J-10 M-10 S-10

Sold Vs. List Price 97.9%

Months of Supply

99%

5

98%

4

98% 97%

3

97%

2

96%

1

96%

0

95%

Down -11% Vs. Year Ago

J-10 M-10 S-10

4.3

6

99%

S-09

J-11 M-11 S-11

September 2011

J-11 M-11 S-11

S-09 J-10 M-10 S-10 J-11 M-11 S-11

Down -6% Vs. Year Ago

No Change Vs. Year Ago

S-09

J-10 M-10 S-10

J-11 M-11 S-11

Down -3% Vs. Year Ago

4.3 3.2

3.2

3.5

3.5

3.4

3.3

4.4 2.7

Months of Supply

4.2

4.5

4.0

4.4 3.6

3.4

2.9

2.9

3.4

2.9

2.6

3

2.6

4

3.3

5

3.3

4.8

6

4.8

Months Of Supply

2

In September, there was 4.3 months of supply available in Arlington County, compared to 4.4 in September 2010. That is a decrease of 2% 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 350 homes newly listed for sale in Arlington County compared to 395 in September 2010, a decrease of 11%. There were 171 current contracts pending sale this September compared to 181 a year ago. The number of current contracts is 6% 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 September, the average sale price in Arlington County was 97.9% 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 49, higher than the average last year, which was 44, an increase of 11%.

*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 September 2011  

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

Read more
Read more
Similar to
Popular now
Just for you