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Arlington Virginia Real Estate Market Snapshot for October 2011

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

What's Happening today in the Arlington, Virginia Real Estate Market?

The chart below details all of the closed home sales activity in Arlington, Virginia for September 2011:

Arlington Virginia September 2011 Real Estate

 

And, here's a snapshot of Arlington Virginia home sales in the last 30 days from the middle of September through now:

ARLINGTON VIRGINIA HOME SALES:


  • Arlington homes sold in the last 30 days: 184.  At this rate, it would take just 3.77 months for the current Arlington inventory to sell.  If you're considering selling your home in Arlington, the odds are certainly in your favor!

  • Average sales price: $554,583

  • Median sales price: $525,975

  • Average days on market: 41 -- homes are selling on average quite quickly in just under 6 weeks

  • Average sales price/original listing price: 95.8% -- there's some negotiating room.

The highest priced Arlington home sold in the last 30 days was for $1,890,000.

Arlington Virginia Market Statistics Charts

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Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

As prices come down, average days on the market goes up, albeit slightly.

And, as usual, Arlington, Arlington, Arlington.  I'm still waiting...

Oct 15, 2011 12:14 AM