Join Club

Ask Adam: How is the Market?

Ask Adam header

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. I’ve heard grumblings of the real estate market slowing down. Are you seeing that in Arlington too? If so, why? 

A. The real estate market was rocking and rolling last year. Homes were selling quickly again and prices were climbing at a noticeable pace. It feels like some of the frenzy has died down recently, but pockets of the market are still selling quickly. In fact, (according to RBI) Arlington has sold 10 percent more homes in 2014 than at this time in 2013.

I put together the following chart so we can see exactly how different segments of the market are selling, this year compared to last.

Year over year closed sales percent change in ArlingtonMy personal theory is that they have oversaturated the rental market with all these new apartment buildings in Arlington. In years past, quite a few renters decided to buy because their rents were rising annually. In some cases it was less expensive to own than rent. Now, we are starting to see rents come down. Renters are more comfortable renting and fewer are buying homes.

If there are more renters and fewer first-time homebuyers in Arlington, some of the people owning those homes that would like to move up are having a harder time selling. There is a trickle up effect that is created from a drop off in first-time homebuyers.

That said, the negative effect of too many rentals is being countered by extremely low mortgage interest rates. Rates just hit another low for the year this past month. We are also seeing current homeowners trying to cash in on the increased value of their homes.

Too many people try to generalize the market with a label… good, bad, strong, soft, active, slow, etc. In my opinion, it would be irresponsible to generalize the market as whole. It is important to study the micro segment of the market you are interested in.

I would love to hear what our readers are seeing out there with the local market. Please share your experiences in the comments.

The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of

Recent Stories

The owner of the bakery Cake Baby is celebrating one year of opening at the Pentagon City mall — and being out of her parents’ house. In December 2021, a…

A coalition of parents will be marching on Friday at Wakefield High School to encourage students not to use drugs and to demand a countywide response to in-school opioid use….

The freshest cold-pressed juice, cashew milks and cleanses delivered straight to your home or office from Greenheart Juice Shop! Greenheart delivers to over 100 zip codes in Virginia, D.C., and Maryland. Check your delivery day here and…

Renovations to a pair of office buildings in Crystal City, including the construction of a new pedestrian plaza, are set to wrap up this spring. Work kicked off last year…

Need help dealing with anxiety, depression or stress?

If you’re struggling to cope with anxiety, depression or stress, our virtual psychotherapy services can help. We offer a confidential and convenient service that’s tailored to your needs.

In our practice, cognitive behavioral therapy (or CBT) is an important tool we use to provide effective relief for those facing anxiety and depression. We believe that cognitive change can be used to improve behaviors and emotions, thus allowing you to achieve mental wellness. By understanding the cognitive distortions that lead to negative thought patterns, we are able to create interventions tailored to each of our clients. This empowering approach can help you gain control of how your own thoughts, beliefs, and behaviors impact your experience. With CBT, our service provides an effective treatment that can bring long-term change and mental stability.

Book a free consultation today and see how we can help you live a happier and healthier life.

Read More

Submit your own Announcement here.

St. Charles offers a play-based curriculum in a welcoming, Christ-centered environment.

Our program focuses on socio-emotional development and kindergarten readiness through hands-on and engaging activities. Our programs offer different schedules ranging from 7:30 am-5:30 pm for students, ages 2-5. We feature a full-day Jr. kindergarten class for older 4’s/5’s. Our facility includes a full-sized gymnasium, school chapel, and library. All of our students enjoy music and physical education weekly. Children have an opportunity to participate in enrichment classes such as soccer, basketball, ballet, and science.

We offer Summer Camp with weekly themes and twice a week water play, including Fun Friday moon bounce. Please join us for our Open House Feb. 3 at 9:30 am and 11:00 am. Click here to sign-up.

For more information or to schedule a tour, visit us at or call (703) 527-0608.

Submit your own Announcement here.

Almost, Maine

Just in time for Valentine’s Day, join us for a series of vignettes that revolve around the theme of love. Taking place in an almost-town called Almost, Maine, we will show you different, but important, facet of love in each

First-time Moms Meet & Greet

The truth, your first pregnancy and new mom months are full of twists and turns, ups and downs, and lots of questions! None of us really know the best way to do it – we just figure it out, together…


Subscribe to our mailing list