Arlington TX Real Estate Market Report, Sept 2017
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Arlington TX Home Sales Are Strong in 2017
Here is a look at the Arlington TX Real Estate Market for September 2017. August experienced a 2.3% decrease in closed sales with an 7.9% increase in new listings and average days on market of homes for sale in Arlington TX is only 9 days.
A Look at Housing Stats
Arlington TX real estate is tracked in the North Texas Real Estate Information System (NTREIS), or also known as the Multiple Listing Service or (MLS). This is a look at all residential property types including single-family homes, condominiums, and townhouses, including both resale and new construction. In Arlington for the month of August 2017:
- 422 Sales Closed -- Down 2.3% from 432 in August 2016
- 431 Homes were In Contract expected to close soon
- 532 New Listings went on the market, Up 7.9% from 493 in August 2016
- Average Days on Market (DoM) = 9 Days -- Up 12.5% from 8 in August 2016
- Active Listings = 570 -- Down 11.2% from 642 in August 2016
- Month's of Inventory = 1.5 Months
In the last 3 months there have been 84 listings expire without being sold.
The average original list price has increased 5.8% from 189,900 in August 2016 to $199,900 last month, with average list price to sales price ratio at 99% indicating that even though there has been a monthly decrease in home sales, the market trend upward throughout this year is resulting in higher prices.
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