Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Andors Real Estate Group.
Inventory continues to flat line as we approach the end of the year!
Buyer demand remains strong as we make our way towards the middle of December, further squeezing inventory as sellers wait for warmer weather before listing their home.
At this point in the year, a lot of our remaining inventory is what I would refer to as “holdover” inventory — properties that have been on the market substantially longer than the average. Not all homes sell promptly in Arlington, and even in a fast-paced market, properties that are overpriced relative to their competition, condition, location or level of updating will sit on the market. These homes aren’t going anywhere anytime soon unless a seller makes a substantial price reduction to find the market.
This past week, buyers put 59 homes under contract in Arlington, but sellers only listed 47 properties for sale. Of the 59 contracts buyers ratified, 17 were on properties that had spent one week or less on the market.
We are now down to the lowest available inventory in approximately 22 months — more towards our pre-Covid numbers. Of the 343 available properties for sale in Arlington, 79 are detached homes, 46 are town houses/semi-detached properties, and 218 are condominiums.
As of this week, the average list price of homes currently for sale is $822,922, and the median is $559,950. Average days on market (DOM) is 82, and the median is 56. Homes of all types throughout Arlington range in price from $100,000 all the way up to $4,250,000!
This week last year, there were 512 homes available for sale in Arlington! Average days on market was 67, and median was 52. Sellers had listed 47 homes for sale, and buyers ratified 41 contracts.
Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call!
Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are homes that came on the market this week that you might be interested in. There were only 18 new homes listed this week total.
- 1813 Key Boulevard #10537, Arlington, VA 22201 — $280,000
- 1900 N. Rhodes Street #69, Arlington, VA 22201 — #312,000
- 4077 S. Four Mile Run Drive #401, Arlington, VA 22204 — $380,000
- 1210 S. Barton Street #332, Arlington, VA 22204 — $460,000
- 2444 S. Oakland Street, Arlington, VA 22206 — $479,000
- 5942 10th Road N., Arlington, VA 22205 — $875,000
- 707 N. Ivy Street, Arlington, VA 22201 — $1,389,000
- 1311 N. Highland Street, Arlington, VA 22201 — $2,800,000
