Arlington July 2021 Home Sales:

• 285 homes went under contract in Arlington. This is down 3% from the same time period in 2020.

• 45% of the homes went to settlement in July 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $785,710 (down 5% from the same time period in 2020 when it was $828,024).

• 360 homes came on the market. That’s down 19% from July 2020.

• Homes that sold (closed) averaged 23 days on market, 6 days slower than in July of 2020.

• 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 480 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We saw a bit of a slowing of the market in this area during July as well as year-over-year.  

In the $1 Million and above price point, the months supply of homes is at 1.4 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 June 2021 Home Sales:

• 371 homes went under contract in Arlington. This is up 35% from the same time period in 2020.

• 58% of the homes went to settlement in June 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $820,153 (up 13% from the same time period in 2020 when it was $725,495).

• 505 homes came on the market. That’s up 43% from June 2020.

• Homes that sold (closed) averaged 20 days on market, 3 days slower than in June of 2020.

• 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 526 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  As with last month, we didn’t see a significant change in the monthly numbers from May to June, and while most of the numbers are up from June of 2020, the percentage increases were a bit smaller from the year-over-year changes we saw in May.  

In the $1 Million and above price point, the months supply of homes is at 1.6 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 May 2021 Home Sales:

• 352 homes went under contract in Arlington. This is up 58% from the same time period in 2020.

• 67% of the homes went to settlement in May 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $855,715 (up 18% from the same time period in 2020 when it was $727,872).

• 499 homes came on the market. That’s up 96% from May 2020.

• Homes that sold (closed) averaged 19 days on market, the same as in May of 2020.

• 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 525 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  We didn’t see a significant change in the numbers from April to May in Arlington (with the exception of average sold price increasing by 12%) , but activity and average sold price were up double digits compared to this time last year (again, expected due to the pandemic).  

In the $1 Million and above price point, the months supply of homes is at 1.8 and under $1 Million sits at 2.2…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 April 2021 Home Sales:

• 358 homes went under contract in Arlington. This is up 86% from the same time period in 2020.

• 64% of the homes went to settlement in April 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $759,869 (down 1.0% from the same time period in 2020 when it was $767,538).

• 522 homes came on the market. That’s up 87% from April 2020.

• Homes that sold (closed) averaged 17 days on market, 5 days slower than in April of 2020.

• 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 487 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  The number of homes that came on the market and went under contract were up significantly year-over-year (not surprising given the pandemic situation) and inventory increased somewhat during the month of April.  Arlington has not seen the increase in average sold price as other hyper local areas. 

Arlington March 2021 Home Sales:

• 393 homes went under contract in Arlington. This is up 57% from the same time period in 2020.

• 54% of the homes went to settlement in March 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $761,842 (up 0.9% from the same time period in 2020 when it was $755,323).

• 491 homes came on the market. That’s up 42% from March 2020.

• Homes that sold (closed) averaged 27 days on market, 9 days slower than in March of 2020.

• 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 410 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  The number of homes that came on the market and went under contract were up from February (and were up significantly year-over-year), as well as total inventory.  However, low inventory remained a big challenge for buyers and homes were selling quickly.  The average sales price increased from February and was up just slightly year-over-year.

In the $1 Million and above price point, the months supply of homes is at 1.9 and under $1 Million sits at 1.7…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 March 2021 Home Sales:

• 393 homes went under contract in Arlington. This is up 57% from the same time period in 2020.

• 54% of the homes went to settlement in March 2021, sold in 10 days or less from when they hit the market.  

• Average sold price was $761,842 (up 0.9% from the same time period in 2020 when it was $755,323).

• 491 homes came on the market. That’s up 42% from March 2020.

• Homes that sold (closed) averaged 27 days on market, 9 days slower than in March of 2020.

• 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 410 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  The number of homes that came on the market and went under contract were up from February (and were up significantly year-over-year), as well as total inventory.  However, low inventory remained a big challenge for buyers and homes were selling quickly.  The average sales price increased from February and was up just slightly year-over-year.

In the $1 Million and above price point, the months supply of homes is at 1.9 and under $1 Million sits at 1.7…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 January 2021 Home Sales:

• 244 homes went under contract in Arlington. This is up 47% from the same time period in 2020.

• 31% of the homes went to settlement in January 2021, sold in 10 days or less from when they hit the market. 

• Average sold price was $713,514 (down 26% from the same time period in 2020 when it was $968,949).

• 315 homes came on the market. That’s up 51% from January 2020.

• Homes that sold (closed) averaged 38 days on market, 6 days slower than in January of 2020.

• 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 398 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remains a Seller’s Market.  Market activity in this area was up from December and up significantly from the same period in 2020.  Average sold prices were down from December and also from January of last year.  Low inventory remains to be an issue. 

In the $1 Million and above price point, the months supply of homes is at 1.5 and under $1 Million sits at 1.6…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”.