Arlington Virginia Housing Statistics November 2009
December 3rd, 2009 Categories: Arlington Dirt, Market Stats
When looking at market statistics for Arlington County home sales, I
realize it’s been a long time since I reported anything other than contracts written. It’s become somewhat of a fascination of mine to look at week to week market activity, especially when compared with last year. The recent reports of the improvement of the existing home sale market sparked some interest and I went back to the numbers I track and sure enough for the past 9 months, we have seen more contracts written than last year. Some months the difference is startling! Remember, this is just for Arlington County Virginia – hyper-local – that’s where you’ll get the best information is in your own community.
So I also looked at some other numbers – these are so interesting:
210: the number of ACTIVE single family homes currently on the market in Arlington Virginia
294: the number of ACTIVE single family homes THIS TIME LAST YEAR in Arlington Virginia
156: the number of single family homes in Arlington currently UNDER CONTRACT
53: the number of single family homes in Arlington UNDER CONTRACT at this time LAST YEAR
84: the number of single family homes SOLD in November 2009 with an average sales price of $708K in an average of 62 Days on Market
59: the number of single family homes SOLD in November 2008 with an average sales price fo $700K in an average of 82 Days on Market
So what does all this mean? Well, there are some obvious takeaways:
Lots of activity (evident in contract writing)
Prices are steady
Inventory is LOW
I’ll continue to keep an eye on things. If you’re considering buying and/or selling in Arlington in the coming months, give me a call now. We can start to strategize and discuss the right course of action for YOU.
Happy Wednesday!
Jennifer
Copyright © 2007 Arlington Dirt Real Estate 
These stats look good- numbers are on the rise from last year which is always promising. Hopefully after the 1st of the year we will see inventory increase.
Similiar takeaways in our Metrowest Boston marketplace as in Arlington area. I expect that the decline of inventory and the reduction in days on market will eventually result in property value increases.
I find that year over year stats are good, but every once in a while clients need several additional year stats to give “perspective”. That is an amazing jump in Under Agreement properties from last year. Which one is the “normal” over the past few years?
Great update.
[...] posted not too long ago about the concern I have regarding the shrinking inventory – in early November I posted about record low inventory – so how does 1/1/10 compare? YIKES – I was [...]