It should come as no surprise, but Arlington County Virginia boasts the lowest unemployment rate in the DC Metropolitan area. Our current unemployment rate is 3.6% - down from 3.8% from December 2010 and down from 4.3 from 2009. We have an incredibly strong real estate market as well. See the full Bureau of Labor Statistics report here. Our median price for January 2012 over January 2011 is up a whopping 15% from $438,000 to $513,000. That is a remarkable jump for a slow time of year.
If you are thinking of making a move to Arlington County Virginia and want a local expert opinion on the real estate market give me a call for a consultation to discuss your options. Our real estate market is not like the national news - we currently have an inventory shortage and a very strong seller's market. Likewise if you are thinking of selling, believe me, now IS a good time if you have either owned your home for a while or paid down your mortgage. I just had a buyer win out in a multiple offer situation on a home in North Arlington this weekend - it sold for significantly over asking price. Homes are selling fast for at or over asking price if priced and staged correctly. I can advise you through this complicated marketplace as either a buyer or seller.