Arlington December 2022 Home Sales:

• 104 homes went under contract in Arlington. This is down 46% from the same time period in 2021.

• 24% of the homes went to settlement in December 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $726,765 (down 10% from the same time period in 2021 when it was $810,542).

• 83 homes came on the market. That’s down 52% from December 2021.

• Homes that sold (closed) averaged 44 days on market, 9 days slower than in December of 2021.

• There is an 1.0 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 245 Arlington homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2022 vs 2021:

Average sold price increased by 2.3% ($802,205 vs $784,039)

Total units sold decreased by 20%

Average sales price to original list price ratio increased slightly – 98.3% vs 99.0%

OVERALL: Arlington remained a Seller’s Market.   Inventory decreased from the prior month and was down 7.9% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from November but down compared to the end of December last year.

In the $1 Million and above price point, the months supply of homes is at 2.0 and under $1 Million sits at 1.1…both Seller’s Markets.  

Arlington November 2022 Home Sales:

• 138 homes went under contract in Arlington. This is down 50% from the same time period in 2021.

• 35% of the homes went to settlement in November 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $689,486 (down 13% from the same time period in 2021 when it was $790,647).

• 160 homes came on the market. That’s down 25% from November 2021.

• Homes that sold (closed) averaged 35 days on market, 4 days slower than in November of 2021.

• There is an 1.4 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 339 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.   Inventory decreased from the prior month and was down 8.6% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from October and compared to November last year.

Arlington October 2022 Home Sales:

• 180 homes went under contract in Arlington. This is down 35% from the same time period in 2021.

• 37% of the homes went to settlement in October 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $815,443 (up 2.4% from the same time period in 2021 when it was $796,109).

• 227 homes came on the market. That’s down 39% from October 2021.

• Homes that sold (closed) averaged 31 days on market, the same as in October of 2021.

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

OVERALL: Arlington remained a Seller’s Market.   Inventory decreased from the prior month and was down 22% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from September and compared to October last year.

In the $1 Million and above price point, the months supply of homes is at 2.0 and under $1 Million sits at 1.5…both Seller’s Markets.  

Arlington September 2022 Home Sales:

• 204 homes went under contract in Arlington. This is down 31% from the same time period in 2021.

• 36% of the homes went to settlement in September 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $676,220 (down 7% from the same time period in 2021 when it was $725,956).

• 368 homes came on the market. That’s down 15% from September 2021.

• Homes that sold (closed) averaged 29 days on market, 1 day faster than in September of 2021.

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

OVERALL: Arlington remained a Seller’s Market.   Inventory increased from the prior month but was down 19% year-over-year.  The number of homes going under contract decreased but the number of new homes coming on the market increased…however both of these numbers continue to be down significantly from this time last year.  Average sold price was down from August as well as compared to September last year.

In the $1 Million and above price point, the months supply of homes is at 1.7 and under $1 Million sits at 1.6…both Seller’s Markets.  

Additional Quarter-End Stats – 2022 vs 2021

Average sold price increased by 5.0% ($794,762 vs $757,022)

Total units sold decreased by 22%

Average sales price to original list price ratio decreased slightly – 98.0% vs 98.7%

Arlington August 2022 Home Sales:

• 220 homes went under contract in Arlington. This is down 11% from the same time period in 2021.

• 41% of the homes went to settlement in August 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $769,565 (up 4% from the same time period in 2021 when it was $741,020).

• 234 homes came on the market. That’s down 30% from August 2021.

• Homes that sold (closed) averaged 23 days on market, 1 day slower than in August of 2021.

• There is an 1.4 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 373 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.   Inventory decreased from the prior month and was down 24% year-over-year.  The number of homes coming on the market decreased as well…and this, along with the number of homes going under contract, continue to be down significantly from this time last year.  Average sold price was down from July but was up from August of last year.

In the $1 Million and above price point, the months supply of homes is at 1.4 and under $1 Million also sits at 1.5…both Seller’s Markets.  

Arlington July 2022 Home Sales:

• 213 homes went under contract in Arlington. This is down 25% from the same time period in 2021.

• 57% of the homes went to settlement in July 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $904,760 (up 15% from the same time period in 2021 when it was $785,710).

• 350 homes came on the market. That’s down 3% from July 2021.

• Homes that sold (closed) averaged 20 days on market,3 days slower than in July of 2021.

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

OVERALL: Arlington remained a Seller’s Market.   Inventory increased slightly from last month but was down 4% year-over-year.  The number of homes going under contract and new homes coming on the market decreased…and both of these numbers continue to be down from this time last year.  Average sold price was up from June as well as compared to July last year.

In the $1 Million and above price point, the months supply of homes is at 1.3 and under $1 Million also sits at 1.6…both Seller’s Markets.  

Arlington June 2022 Home Sales:

• 249 homes went under contract in Arlington. This is down 33% from the same time period in 2021.

• 61% of the homes went to settlement in June 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $834,807 (down 2% from the same time period in 2021 when it was $820,153).

• 425 homes came on the market. That’s down 16% from June 2021.

• Homes that sold (closed) averaged 20 days on market, the same as in June of 2021.

• There is an 1.5 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 422 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.   Inventory increased again from last month but was down 20% year-over-year.  The number of homes going under contract was down from last month but the number of new homes coming on the market increased…both of these numbers continue to be down from this time last year.  Average sold price was up from May but was down compared to this month in 2021. 

In the $1 Million and above price point, the months supply of homes is at 1.6 and under $1 Million also sits at 1.8…both Seller’s Markets.  

Additional Quarter-End Stats – 2021 vs 2022:

Average sold price increased by 2% ($812,991 vs $833,065)

Total units sold decreased by 14%

Average sales price to original list price ratio increased just slightly – 100.4% vs 101.3%

Arlington May 2022 Home Sales:

• 300 homes went under contract in Arlington. This is down 15% from the same time period in 2021.

• 66% of the homes went to settlement in May 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $819,947 (down 4% from the same time period in 2021 when it was $855,715).

• 395 homes came on the market. That’s down 21% from May 2021.

• Homes that sold (closed) averaged 18 days on market, 1 day slower than in May of 2021.

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

OVERALL: Arlington remained a Seller’s Market.  Inventory decreased from last month and was down 33% year-over-year.  The number of homes going under contract was down from last month as was the number of new homes coming on the market…both of these numbers continue to be down significantly from this time last year.  Average sold price was up quite a bit from April, but down from this same time last year. 

In the $1 Million and above price point, the months supply of homes is at 1.6 and under $1 Million also sits at 1.4…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 2022 Home Sales:

• 326 homes went under contract in Arlington. This is down 9% from the same time period in 2021.

• 67% of the homes went to settlement in April 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $819,673 (down 2% from the same time period in 2021 when it was $759,869).

• 406 homes came on the market. That’s down 22% from April 2021.

• Homes that sold (closed) averaged 19 days on market, 2 days slower than in April of 2021.

• There is an 1.1 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 326 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  Active listings increased slightly from the prior month but were down 33% year-over-year.  Average sold price was up 4% from March and up 8% from April 2021. 

In the $1 Million and above price point, the months supply of homes is at 1.1 and under $1 Million also sits at 1.3…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 2022 Home Sales:

• 327 homes went under contract in Arlington. This is down 17% from the same time period in 2021.

• 64% of the homes went to settlement in March 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $785,208 (up 3% from the same time period in 2021 when it was $761,842).

• 466 homes came on the market. That’s down 5% from March 2021.

• Homes that sold (closed) averaged 20 days on market, 7 days faster than in March of 2021.

• There is an 1.0 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 306 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  Inventory increased 39% from last month (but continues to be historically low) and sold prices continued to rise slightly. 

Arlington February 2022 Home Sales:

• 257 homes went under contract in Arlington. This is down 5% from the same time period in 2021.

• 48% of the homes went to settlement in February 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $789,819 (up 10% from the same time period in 2021 when it was $715,817).

• 286 homes came on the market. That’s down 12% from February 2021.

• Homes that sold (closed) averaged 39 days on market, 8 days slower than in February of 2021.

• There is an 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 220 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  Inventory decreased slightly from last month and remained a big issue.  Average sold price was up from the previous month (as well as year-over-year).

In the $1 Million and above price point, the months supply of homes is at 0.9 and under $1 Million also sits at 1.1…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 January 2022 Home Sales:

• 205 homes went under contract in Arlington. This is down 16% from the same time period in 2021.

• 34% of the homes went to settlement in January 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $757,534 (up 6% from the same time period in 2021 when it was $713,514).

• 236 homes came on the market. That’s down 25% from January 2021.

• Homes that sold (closed) averaged 42 days on market, 4 days slower than in January of 2021.

• There is an 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 233 Arlington homes for sale (townhouse, condo and single-family).

OVERALL: Arlington remained a Seller’s Market.  Lots more of the same from 2021…very LOW inventory in the area remained an issue and average home prices continued to rise.

In the $1 Million and above price point, the months supply of homes is at 0.9 and under $1 Million also sits at 0.9…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”.