Square Foot Cost Slips — “From Jan. 1 to Sept. 30, the average price per square foot for Arlington residential sales was $472. That’s down 1.9 percent from $481 during the same stretch in 2022. Throughout the metro area, Arlington was only surpassed in the ranking by the District of Columbia, whose average $527 cost per square foot was down 4.4 percent from a year before.” [Gazette Leader]
Cost of Local Homeownership — “The Q3 median cost of a single-family home was $739,900 in Arlington. To afford that, average wage earners would have to make at least $113,633 and be positioned to spend 46.2 percent of their annual pay on their mortgages. The report also shows a 7.8 percent year-over-year increase in median home sale prices in Arlington.” [Patch]