Arlington December 2020 Home Sales:

• 179 homes went under contract in Arlington. This is up 36% from the same time period in 2019.

• 41% of the homes went to settlement in December 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $718,362 (down 1.3% from the same time period in 2019 when it was $727,684).

• 202 homes came on the market. That’s up 82% from December 2019.

• Homes that sold (closed) averaged 27 days on market, 3 days faster than in December of 2019.

• There is an 1.7 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 397 Arlington homes for sale (townhouse, condo and single-family).

Additional Year End Stats – 2019 vs 2020:

Average sold price increased by 10.4% ($704,048 vs $776,931)

Total units sold increased by 0.2%

Average sales price to original list price ratio basically stayed the same – 99.5% vs 99.6%

OVERALL: Arlington remains a Seller’s Market.  We saw activity in this market slow over the month, expected given the holiday season (although many numbers are still up from this time period last year), and low inventory remained to be an issue in Arlington. 

In the $1 Million and above price point, the months supply of homes is at 1.5 and under $1 Million sits at 1.5…both Seller’s Markets.  If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington November 2020 Home Sales:

• 249 homes went under contract in Arlington. This is up 37% from the same time period in 2019.

• 48% of the homes went to settlement in November 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $758,007 (up 4% from the same time period in 2019 when it was $725,927).

• 309 homes came on the market. That’s up 68% from November 2019.

• Homes that sold (closed) averaged 21 days on market, 1 day faster than in November of 2019.

• There is an 2.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 249 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Seller’s Market.  There was a slight increase in the number of homes going on the market and going under contract during the month in this market and these numbers were up more significantly year-over-year.  The average sold price also continued to rise.

In the $1 Million and above price point, the months supply of homes is at 1.8 and under $1 Million sits at 1.9…both Seller’s Markets.  If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington October 2020 Home Sales:

• 220 homes went under contract in Arlington. This is up 6% from the same time period in 2019.

• 56% of the homes went to settlement in October 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $759,856 (up 174% from the same time period in 2019 when it was $664,811).

• 296 homes came on the market. That’s up 12% from October 2019.

• Homes that sold (closed) averaged 17 days on market, 2 days faster than in October of 2019.

• There is an 1.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 366 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Seller’s Market.  This market slowed in October and experienced a significant decrease in the number of homes coming on the market from last month.  Inventory of homes remains an issue with the number decreasing 27% from last month.

In the $1 Million and above price point, the months supply of homes is at 2.0 and under $1 Million sits at 2.1…both Seller’s Markets.  If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington September 2020 Home Sales:

• 260 homes went under contract in Arlington. This is up 9% from the same time period in 2019.

• 61% of the homes went to settlement in September 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $825,476 (up 17% from the same time period in 2019 when it was $705,997).

• 464 homes came on the market. That’s up 51% from September 2019.

• Homes that sold (closed) averaged 21 days on market, 8 days faster than in September of 2019.

• There is an 2.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 500 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Sellers Market.  Although the number of homes that went under contract in September was down from last month, that and the other stats noted are still up (some significantly) year-over-year.  Inventory in Arlington saw a significant increase during the month (as well as year-over-year)…increasing by 26%.

In the $1 Million and above price point, the months supply of homes is at 2.1 and under $1 Million sits at 2.2.  Both Sellers Markets but the lower price range homes are selling a bit faster. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Arlington August 2020 Home Sales:

• 296 homes went under contract in Arlington. This is up 51% from the same time period in 2019.

• 68% of the homes went to settlement in August 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $762,024 (up 8.6% from the same time period in 2019 when it was $701,632).

• 389 homes came on the market. That’s up 60% from August 2019.

• Homes that sold (closed) averaged 14 days on market, 5 days faster than in August of 2019.

• There is an 1.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 397 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Sellers Market.  The August numbers in this market were similar to July but the number of homes that went under contract and came on the market is still significantly higher than this time last year.

In the $1 Million and above price point, the months supply of homes is at 2.5 and under $1 Million sits at 1.7.  Both Sellers Markets but the lower price range homes are selling a bit faster. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Arlington July 2020 Home Sales:

• 293 homes went under contract in Arlington. This is up 19% from the same time period in 2019.

• 64% of the homes went to settlement in July 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $828,024 (up 21% from the same time period in 2019 when it was $684,884).

• 446 homes came on the market. That’s up 72% from July 2019.

• Homes that sold (closed) averaged 17 days on market, 1 day faster than in July of 2019.

• There is an 1.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 370 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Sellers Market.  Of note in the July numbers…inventory increased over last month and the number of homes that came on the market increased significantly from the same time period in 2019.

In the $1 Million and above price point, the months supply of homes is at 2.7 and under $1 Million sits at 1.3.  Both Sellers Markets but the lower price range homes are selling faster. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington June 2020 Home Sales:

• 275 homes went under contract in Arlington. This is up 3.8% from the same time period in 2019.

• 63% of the homes went to settlement in June 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $725,495 (down 1.2% from the same time period in 2019 when it was $733,984).

• 354 homes came on the market. That’s up 20.4% from June 2019.

• Homes that sold (closed) averaged 17 days on market, 4 days faster than in June of 2019.

• There is an 1.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 279 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  This market improved in June and is even stronger in regards to the number of homes coming on the market and going under contract than the same time period last year.

Arlington May 2020 Home Sales:

• 223 homes went under contract in Arlington. This is down 30.1% from the same time period in 2019.

• 63% of the homes went to settlement in May 2020, sold in 10 days or less from when they hit the market! 

• Average sold price was $727,872 (up 2.3% from the same time period in 2019 when it was $711,616).

• 254 homes came on the market. That’s down 32.6% from May 2019.

• Homes that sold (closed) averaged 19 days on market, 2 days slower than in May of 2019.

• There is an 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 253 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  Compared to last month, the number of homes that went under contract increased, however, the number of new homes that came on the market decreased.  Both of these numbers are down again significantly from this time last year.…expected given the current Coronavirus environment.  The Average Sold Price was down from last month but was up slightly from May of last year.

In the $1 Million and above price point, the months supply of homes is at 3.8 (up from 2.9 last month) and under $1 Million sits at 1.1 (up just slightly from last month).  Both Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory remains low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington April 2020 Home Sales:

• 192 homes went under contract in Arlington. This is down 34.7% from the same time period in 2019.

• 80% of the homes went to settlement in April 2020, sold in 10 days or less from when they hit the market! 

• Average sold price was $767,538 (up 4% from the same time period in 2019 when it was $738,263).

• 279 homes came on the market. That’s down 18.2% from April 2019.

• Homes that sold (closed) averaged 12 days on market, 7 days faster than in April of 2019.

• There is an 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 259 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  As with last month, the number of homes that went under contract and that came on the market decreased.…expected given the current Coronavirus environment.  However, the homes that are listed are selling quickly vs this time time last year.

In the $1 Million and above price point, the months supply of homes is at 2.9 and under $1 Million sits at .8.  Both Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory remains low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington March 2020 Home Sales:

• 250 homes went under contract in Arlington. This is down 11% from the same time period in 2019.

• 70% of the homes went to settlement in March 2020, sold in 10 days or less from when they hit the market! 

• Average sold price was $755,323 (up 12.6% from the same time period in 2019 when it was $670,930).

• 203 homes came on the market. That’s down 16% from March 2019.

• Homes that sold (closed) averaged 18 days on market, 7 days faster than in March of 2019.

• There is an 0.9 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 203 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  As expected given the current Coronavirus pandemic, the number of homes that went under contract and came on the market were down 11% and 16% respectively from the same time period last year.

In the $1 Million and above price point, the months supply of homes is at 3.0 and under $1 Million sits at .8.  Both Sellers Markets (even though these number increased a bit from last month) but the lower price range homes are selling quite a bit faster. Inventory remains low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.

Arlington February 2020 Home Sales:

• 219 homes went under contract in Arlington. This is up 4.3% from the same time period in 2019.

• 65% of the homes went to settlement in February 2020, sold in 10 days or less from when they hit the market!  

• Average sold price was $786,822 (up 18% from the same time period in 2019 when it was $666,550).

• 249 homes came on the market. That’s down 2.7% from February 2019.

• Homes that sold (closed) averaged 22 days on market, 9 days faster than in February of 2019.

• There is a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 174 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  We saw an increase in the number of homes that came on the market and that went under contract in February and homes are selling fast! 

In the $1 Million and above price point, the months supply of homes is at 2.5 and under $1 Million sits at .5.  Both Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory remains low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Arlington January 2020 Home Sales:

• 166 homes went under contract in Arlington. This is unchanged from the same time period in 2019.

• 47% of the homes went to settlement in January 2020, sold in 10 days or less from when they hit the market!  

• Average sold price was $968,949 (up 47% from the same time period in 2019 when it was $659,008).

• 209 homes came on the market. That’s up 8.3% from January 2019.

• Homes that sold (closed) averaged 32 days on market, 10 days faster than in January of 2019.

• There is a 0.7 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Arlington – and 166 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington is still very much a Sellers Market.  This market was more active in January compared to December and the number of homes for sale (inventory) increased slightly. 

In the $1 Million and above price point, the months supply of homes is at 2.3 and under $1 Million sits at .4 (basically unchanged from December).  Both Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory remains low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.