The county of Arlington saw 291 homes sold total in the month of August, which is a 20% increase from 2012 but only a 3% increase from the previous month. The total value of the homes sold was $172,993,406, up 29% from 2012 but only 3% from July.
The median value of a home sold in Arlington in August was exactly $500,000, down 2% from the previous year and almost 5% from July. On the other hand, the average price of a home was much higher at $594,479, up 8% from 2012 and .5% from July. When a house was listed and sold on the open market, the seller would receive an average of 98.26% of their original asking price. This means that if the house was listed for $500,000, the seller would end up getting around $491,000 when all was said and done.
By the end of the month, Arlington County had 393 active listings, a 14% decrease from the year prior. Of those listings, 273 of them were new, up around 5% from 2012. Given that there were 283 units sold in Arlington in July, the 393 listings constitutes well over a month’s supply of houses, indicating that the housing market is perfectly healthy in that area. Furthermore, when a house was listed on the market, it took an average of 29 days to sell, down 42% from August of 2012. Sometimes you don’t have a month to wait, though. If you want to sell your house in as little as 7 days, then contact Express Homebuyers today! We’ll work with you to close the deal fast!