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Just Listed in Arlington

by ARLnow.com Sponsor May 15, 2015 at 5:00 am 0

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Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

Arlington buyers were treated this week to a record rush of inventory with 95 listed properties at all price points and locations. It’s the most new listings in a single week so far this year.

The current inventory of available homes in Arlington is the best so far this year with 643 choices for buyers. But the pace of sales slacked off considerably this week, with only 68 homes going under contract. The average days on market dropped to 32, and the average list price of ratified homes stands at $629,000.

The bigger news this week is the sharp uptick in mortgage rates, jumping from an average of 3.8 percent last week for a 30-year fixed rate, to 3.92 percent this week. Creeping rates slowly erode buyers’ purchasing power. If you are a fence-sitter about whether to buy, get off! Buy now!

You can access all active listings in Arlington on the Cathell Team website.

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