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 Andors Real Estate Group.

Welcome to Just Listed!

Interest rates inch up three basis points, from 5.51% to 5.54%. We’re expecting another .75% rate hike from the Fed soon. I won’t get too in depth, but remember that doesn’t directly correlate to mortgage rates, but everything is related. These continued rate hikes are putting downward pressure on growth, and mortgage rates are likely to continue to rise.

At the time of publication, in Arlington there are 459 residential properties available across all property types, eight more than last week. Of those 459, 141 are detached properties, 66 are town homes/semi-detached properties and the remaining 252 are condominiums.

This past week, sellers listed 75 homes for sale, a decrease of 19, while buyers ratified 55 contracts. 19 of the ratified contracts were on homes just listed within the past seven days.

Average asking price of currently available homes is $865,183 and the median is $685,000. Currently available homes have been on the market for an average of 47 days and a median of 32 days.

This week last year, rates were sitting at 2.78%, sellers has listed 97 homes for sale and buyers ratified 82 contracts. There was a total of 545 properties for sale!

Click here to search currently available Arlington real estate. If you see a home that you’re interested in purchasing, give us a call! Our team are experts at WINNING when it comes to Arlington real estate — our agents routinely outmaneuver others when it comes to multiple offer scenarios — call us to find out how!

Call the Andors Real Estate Group today at (703) 203-1117 to talk more about buying or selling Arlington real estate. Below are eight properties I think you might light to check out!