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Arlington County Market Conditions
In July of 2014 there were 278 homes sold, down 5% vs. a year ago with 635 active invetory, up 41% from a year ago.  The median sales price for all house types is $555,000, up 6% over the last year, and days on market is 33, up 50% from a year ago.  There were 353 new listings, up 9% compared to Juy 2013 and 237 contracts, donw 17% from a year ago.  The sold price vs. list price remains the same at 99% and there is just 2.3 months supply of homes but compared to 1.5 months supply in July 2013, that is an increase of 49%.
 

 
While these figures show an increase in inventory and days on market, the fact that there is only a 2.3 months supply of homes means that this is still a Seller's market.  Buyers in popular Arlington neighborhoods may still expect to be one of multiple offers on a property within a few days of it going on the market.  While this might seem daunting, there are quite a few steps buyers can take to prepare for this and put themselves in the best position to be the winning offer.  Your ... more

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