Around Town

A new Japanese restaurant appears to be opening next to Uncle Julio’s in Ballston.

Not much is known beyond a permit application that notes there will be “interior alterations” in the space at 4301 Fairfax Drive that will convert it to a “new Japanese restaurant.”


Sponsored

This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].

Question: How has the local real estate market performed so far this year?

Answer: After a year where market conditions softened in favor of buyers, the Northern VA real estate market became more favorable for sellers in the first quarter of 2026, while the Washington DC condo market continued to reel.

What is in this article:

  • Northern VA, Arlington, and Washington DC Absorption Trends (demand)
  • Northern VA, Arlington, and Washington DC Inventory Trends (supply)
  • Washington DC List Price Trends (market values)

Northern VA & Arlington Inventory is Being Absorbed Faster

After four straight quarters of double-digit decreases in year-over-year absorption, the Northern VA and Arlington markets saw a ~8% increase in absorption rate.

What this means: Demand increased in Q1

Northern VA & Arlington New Listing Volume is Declining

After a promising trend of six straight quarters of year-over-year increases in the number of homes listed for sale in Northern VA, new listing activity fell by ~1% each of the previous two quarters.

What this means: Sellers have less competition, buyers have fewer choices

Washington DC Condo Absorption is Plummeting

The absorption rate for DC condos has declined year-over-year for 16 quarters straight and 23 out of the past 26 quarters.

What this means: It is difficult to find buyers for DC condos

Washington DC Condo Inventory Declined Slightly

Total inventory declined by 3.4% year-over-year, the first quarterly drop since Q4 2023. Still, there were great than 2x more condos for sale in DC in Q1 2026 than Q1 2020

What this means: Motivated sellers must compete aggressively with each other for buyers

Washington DC Condos Keep Getting Cheaper

The average price of a DC condo listed for sale is 9.4% less than it was in Q1 2025 and ~9% less than it was ten years ago.

What this means: Even lowering the price won’t guarantee a buyer

If you’d like to discuss buying, selling, investing, or renting, don’t hesitate to reach out to me at [email protected].

We have access to the most pre and off-market listings across the DMV of any brokerage and are happy to share what’s available with anybody who asks.

Below are some of our team’s pre/off-market listings, details and additional listings available by request:

  • Westover – 4BR/2BA/2,000sqft – Detached Single Family (2000) – 23rd St N Arlington VA 22205
  • Green Valley – 5BR/4.5BA/3,000sqft – Detached Single Family (2020) – 24th St S Arlington VA 22206
  • Ballston – 4BR/3.5BA/2,400sqft – Townhouse (2008) – N George Mason Dr Arlington VA 22203
  • Ballston – 4BR/3.5BA+office/4,000 sqft – Four Townhouses (2026/2027) – 11th St N Arlington VA 22201
  • Rosslyn – 2BR/2BA/1,800sqft – Condo (2021) – 1781 N Pierce St Arlington VA 22209
  • Rosslyn – 3BR/2.5BA/2,400sqft – Condo (1986) – 1530 Key Blvd Arlington VA 22209
  • Williamsburg – 6BR/5.5BA/5,500 sqft – Detached Single Family (2026) – 27th St N Arlington VA 22207
  • Yorktown – 6BR/6.5BA/6,000+ sqft – Detached Single Family (2026) – N Greencastle St Arlington VA 22207

Eli and his team believe that your real estate needs should be managed by advisors, not salespeople. Their mission is to guide, educate, and advocate for their clients through real advice, hands-on support, and personalized service.


Opinion

Our latest morning poll is, admittedly, a bit niche.

Only 16% or so of Arlington registered voters cast a ballot in yesterday’s Democratic primary. Beyond the closely watched Commonwealth’s Attorney race, the primary was notable for being the first locally to utilize ranked choice voting, for the six-way County Board race.


News

Cruiser Rammed in Pentagon City — “800 block of Army Navy Drive. At approximately 4:45 p.m. on June 16, police observed a stolen vehicle and attempted a traffic stop, during which the driver of the suspect vehicle reversed into an occupied police cruiser before fleeing the area. Officers then initiated a vehicle pursuit. The driver eluded police and the suspect vehicle was not located. No injuries were reported.” [ACPD]

Police Recruits Graduate — “Friday, June 16, 2023, marked a significant milestone in the careers of Arlington County Police Department’s eight newest officers as Session 148 graduated from the Northern Virginia Criminal Justice Training Academy. In front of family, friends and colleagues, the new officers took their solemn oath to serve and protect the Arlington community and safeguard the Constitutional rights of all.” [ACPD]


News

Virginia State Police, assisted by Arlington County police, are searching the area around the Air Force Memorial for a suspect who fled a pursuit and crash.

Initial reports suggest that state police gave chase to a suspect seen driving the wrong way in or near the Pentagon south parking lot. That suspect then crashed his vehicle at the intersection of Columbia Pike and S. Joyce Street, but fled on foot.


News

(Updated at 9:25 p.m.) Commonwealth’s Attorney incumbent Parisa Dehghani-Tafti has defeated challenger Josh Katcher in Tuesday’s Democratic primary.

Dehghani-Tafti has 56% of the vote to 44% for Katcher, her former deputy, in the heated race for the top prosecutor of Arlington and Falls Church. That’s as of 8:40 p.m., with all but a few hundred provisional and late-arriving mailed ballots counted in Arlington. Polls closed at 7 p.m.


News

Arlington County’s pickleball plans continue to peeve particular people, prompting a potential project pause.

The Donaldson Run Civic Association (DRCA) sent a letter to the county’s Department of Parks and Recreation (DPR) late last week expressing the belief the department did not sufficiently involve the civic association when making the decision to re-line several tennis courts for pickleball at Marcey Road Park in North Arlington.


News

The owner of garden apartments on the edge of the Fairlington neighborhood nabbed $46.6 million in federal loans to help keep the units affordable and fund upgrades.

Over the last two years, Standard Communities, which owns Park Shirlington (4510 31st Street S.), has been amassing funding — including from Arlington County — to keep the nearly 300 units on site affordable to people earning up to 60% of the area median income, while funding renovations and new construction work.