This regularly-scheduled sponsored Q&A column is written by Adam Gallegos of Arlington-based real estate firm Arbour Realty, voted one of Arlington Magazine’s Best Realtors of 2013 & 2014. Please submit your questions via email.
Q. Despite positive reports about the local real estate market, I would like to find out how my neighborhood and zip code are selling. I’ve heard that finding out the rate of sales compared to the amount of inventory is a valuable analysis. Can you tell me where this information is located on the internet?
A. What you are referring to is often called the absorption rate. Absorption rate calculates how approximately how many months it will take to sell the current inventory of active real estate listings, based on the most recent sales volume.
- More than six months of inventory on the market is generally considered a buyer’s market.
- Less than six months of inventory on the market is generally considered a seller’s market.
- Six months of inventory on the market is generally considered a balanced market.
It will be easier to understand if I take you through an example. Let’s analyze the absorption rate for the 22207 zip code:
- Within the last 90 days, 159 properties have gone under contract.
- That’s an average of 53 properties per month.
- Currently there are 113 properties actively on the market.
- At the current rate of 53 properties being sold per month, we have a little over two months of inventory on the market.
If you agree with the assumption that under six months of inventory is a seller’s market, then this analysis would indicate that 22207 is currently experiencing a strong seller’s market.
I think it is smart that you want to analyze your neighborhood as well as your zip code. We often find that neighborhoods and condo buildings within a given zip code can perform quite differently.
I don’t know of a website that provides this type of analysis, but your Realtor should be able to create a custom absorption rate chart with data from the multiple listing service (MLS). If you don’t have a Realtor yet then let me know and we can help you out with this information.
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.
In loving memory of Joseph Robert Kapacziewski, who passed away in 2023 at the age of 41.
In loving memory of James Stuart Edmonds, who passed away in 2023 at the age of 84.
A man was shot in front of a lounge on Columbia Pike early this morning, continuing a string of violent incidents.
Good Friday evening, Arlington. Today we published articles that were read a total of 17124 times… so far. 📈 Top stories The following are the most-read articles for today —…
YULA’s ultimate frisbee spring season is now open for registration. We offer programs for middle and high schoolers – open to all players, whether they are new or have previous experience.Middle SchoolIn the Middle School league, mixed-gender teams practice once during the week and have games on Sunday afternoons. Spring league is a fun, safe, and positive environment. The season begins mid-March and wraps up with a tournament in early June. There are several options for practice days, so we can often work around schedule conflicts with other sports & activities.High SchoolThe High School program is organized by school of attendance and teams are classified by gender. New players will learn the basics in a supportive, welcoming environment. Experienced players will continue to develop their skills, and enjoy competition with other high school programs. The season concludes with a state level championship tournament in late May.All players are guided by experienced coaches who emphasize sportsmanship and good spirit. Ultimate is a fun sport with great camaraderie!YULA does not want finances to limit anyone from participating. Our middle school program offers a “Pay What You Can” cost structure and our our high school program is offering a $50 discount to new players.Visit our website to register and learn more. Sign up with a friend, but don’t delay, the season starts in March!http://www.yula-ulti.org
The Arlington-Aachen High School exchange is returning this summer and currently accepting applicants.
The sister-city partnership started in 1993 by the Arlington Sister Cities Association, which seeks to promote Arlington’s international profile through a variety of exchanges in education, commerce, culture and the arts. The exchange, scheduled June 17th to July 4th, includes a two-week homestay in Aachen plus three days in Berlin. Knowledge of the German language is not required for the trip.
Former participants have this to say:
_”The Aachen exchange was an eye-opening experience where I was fully immersed in the life of a German student. I loved biking through the countryside to Belgium, having gelato and picnics in the town square, and hanging out with my German host student’s friends. My first time out of the country, the Aachen exchange taught me to keep an open mind, because you never know what could be a life changing experience.” – Kelly M._
Valentine gifts for someone special or for yourself are here at George Mason University from noon -4pm on February 14, 2023. Satisfy your sweet tooth with Kingsbury Chocolates, find a handmade bag from Karina Gaull, pick up treats from Village