Arlington TX Real Estate Market Report - August 2017
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Arlington TX Home Sales Remain Strong in 2017
Here is a look at the Arlington TX Real Estate Market for August 2017. July saw a 5.9% decrease in closed sales with an 11.1% decrease in new listings and average days on market of homes for sale in Arlington TX remaining in the single digits.
A Look at Housing Stats
Arlington real estate statistics are tracked in the North Texas Real Estate Information System (NTREIS), more commonly known as the Multiple Listing Service or MLS. This is a look at all residential property types including single-family homes, condominiums, townhouses, and farm & ranch properties, including both resale and new construction. In Arlington for the month of July 2017:
- 384 Sales Closed -- Down 5.9% from 408 in July 2016
- 397 Homes were In Contract expected to close soon
- 471 New Listings went on the market, Down 11.1% from 530 in July 2016
- Average Days on Market (DoM) = 8 -- Up 14% from 7 in July 2016
- Active Listings = 555 -- Down 12.3% from 633 in July 2016
- Month's of Inventory = 1.5 Months
In the last 3 months, there have been 58 listings expire without being sold. The trend in original list price has increased 4% from 189,900 in July 2016 to $197,500 in July 2017 with the average list price to sales price ratio remaining at 100% 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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