Arlington TX Real Estate Market Report March 2018

Enjoy this Arlington TX Real Estate Market Report for this month.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. 

Arlington TX Housing Market Starts Strong in 2018

Here is a look at the Arlington TX Real Estate Market for March 2018.  Compared to the same time last year, February experienced a 5.6% decrease in closed sales with an 2.6% increase in new listings and average days on market of homes for sale in Arlington TX remaining right around one month on market.

A Look at Housing Stats

Arlington TX 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, and townhouses, including both resale and new construction.  In Arlington last month:

• 269 Sales Closed -- Down 5.6% from 285 in February 2017
• 321 Homes were In Contract expected to close soon
• 357 New Listings went on the market, Up 2.6% from 348 in February 2017
• Average Days on Market (DoM) = 31 Days, Down 8.8% from 34 days in February 2017
• Active Listings = 389 -- Down 8.7% from 426 in February 2017
• Month's of Inventory = 1.1 Months, Unchanged from 1.1 in February 2017

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In the last 3 months there have been 85 listings expire without being sold.

From February of last year to February of this year the average price range for homes sold went up 6.2%

The trend in original list price has increased 14.1% from $228,472 in February 2017 to $260,771 in February 2018 with average list price to sales price ratio at 98.9% indicating that the monthly increase in home sales continues to push the market up resulting in higher prices. 

What Does This Data Mean?