Press Club

Just Reduced Properties in Arlington

Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by Arlington Realty, Inc. Maximize your real estate investment with the team by visiting www.arlingtonrealtyinc.com or calling 703-836-6000 today!

Please note: While Arlington Realty, Inc. provides this information for the community, it may not be the listing company of these homes.

Now that we’re in the second half of the year, how are things shaping up?

Well, if the latest BrightMLS T3 Home Demand Index is any indicator, we’re in for a continued hot market through the end of the year.

According to the June 2021 report, buyer demand remains high, with the strongest interest being for single-family homes priced above $950,000 and higher priced condos. Inventory of homes for sale remains low, with just a 0.7 months supply for mid-priced single-family homes and a 2.7 months supply for higher-priced condos.

Compared to last year, the Home Demand Index says demand has increased 20.5% year over year.

So, what does this mean for the Average Joe?

Amid such a sizzling market, it has never been more important to have a dedicated team advocating on your behalf. When you’re ready to navigate today’s market, the time-tested team at Arlington Realty, Inc. has your back and is ready to roll.

Until then, here are this week’s Just Reduced numbers:

As of July 5, there are 155 detached homes, 51 townhouses and 348 condos for sale throughout Arlington County. In total, 45 homes experienced a price reduction in the past week:

Please note this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Arlington Realty, Inc.

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There has been a modest, but noticeable drop in the intensity of demand and buyer activity over the last 3-4 weeks.

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