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Just Listed in Arlington

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.”

Perhaps the historic events unfolding on Capitol Hill this week have raised uncertainty about our nation’s direction and caused home buyers to hesitate a bit as home sales dropped this week to only 33 from 43 last week.

Sellers did their part by listing 50 homes, so the drop in sales wasn’t an inventory issue. Our market’s few weaknesses include linkage to Federal government activity as our economy is primarily driven by the U.S government across the Potomac. For example, every presidential election year our real estate market just gets weird with erratic shifts of high volatility to dormancy over short periods. Something spooked buyers this week, and it wasn’t the weather.

Nationally, the housing market is hot in most places. A report released this week by the National Association of Realtors indicates that the median home price from a year ago increased 7.8% to $274,500. In the northeast region, the number of existing home sales is up 8.8% from a year ago, which has helped to drive down inventory levels by 8.5%, as if inventory wasn’t bad enough.

Currently Arlington has only 150 homes actively for sale. At the current rate of absorption, that’s only 1.1 months of inventory. Nationally, inventory has dropped to only 3 months, the lowest level since before the great recession of 2008.

Wage growth has picked up by 3% and that’s a big help for home buyer’s affordability, but when prices go up 7.8% it still puts buyers farther behind. Economists believe the affordability factor will eventually slow home sales and bring down price growth. But if I were a buyer right now, I wouldn’t bet on it happening soon enough. I’d get out there, compete in the bidding wars, and ratify a contract as soon as possible so I could enjoy the ride of equity growth while it lasts.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

Recent Stories

Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

Last year, an attempt to broaden the Arlington police auditor’s access to police records quietly fizzled before reaching the public for discussion.

George Mason University’s new Fuse at Mason Square in Arlington, is poised to become a 345,000-square-foot collaborative and digital innovation space in the heart of the Rosslyn-Ballston Corridor. “As Mason expands in…

These tree care companies serve Arlington County and received Washington Consumers’ Checkbook’s top rating for quality (as reported by their customers in Checkbook’s surveys).

Award-winning drag queen Tara Hoot is bringing her Family Fun Story Time Brunch to Arlington at Freddie’s Beach Bar! Saturday April 6 at noon! Join Tara for songs, stories, puppets, bubbles and joy! It’s not just stories, it’s a SHOW that’s perfect for kids and kids at heart–fun for everyone! Plus a tasty brunch at Freddie’s! Click the link and make your reservations now! ❤️ 🫧 🌈

Submit your own Announcement here.

The Summer 2024 STEAM (Science/Technology/Engineering/Arts/Math) Fellowship application is now open! Apply by April 15 to be considered!

The STEAM Workforce Development Teacher Fellowship provides Arlington Public Schools (APS) high school, middle school, and elementary school teachers with opportunities to learn about workplace needs in STEAM-related fields and for them to use the experience to enhance student learning to match workplace expectations in a selected industry. STEAM Fellows participate in a three-week summer fellowship, receiving a $4,000 stipend upon completion.

Applicants planning to pursue a fellowship in the arts must demonstrate how they will build connections between the arts and science, technology, engineering, or mathematics.

Click the button to learn more, share, apply, and see the variety of fellowships completed in previous years.

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Submit your own Announcement here.

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop at our office on Cherry Hill Rd. (formerly Lee Highway) on the topic of “down-sizing” Thursday, March 28 from 5:30-7:30. We have created a workbook with

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

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