December Real Estate Statistics for Arlington County

December 2013 Real Estate Market Statistics for

Arlington County, VA

 

 

December 2013 Summary

Statistic Values YoY MoM
Total Sold Dollar Volume $134,383,551 +38.55% +36.8%
Closed Sales 215 +22.86% +23.56%
Median Sold Price $545,000 +14.74% +9.33%
Avg Sold Price $625,040 +12.77% +10.72%
Avg Days on Market 42 days -17.65% +13.51%
Avg Sold to Orig List Ratio 97.22% +0.69% -0.1%
 
Statistics are in for December sales in Arlington. Median Price is up, # of sales are up, total volume is up. Because of the low inventory we are continuing to see shorter days on market and multiple bids in some cases. If you waited to buy and now think that you’ll wait for the next downturn, you may be waiting for some time. Yes, real estate prices are always cyclical and a downturn will come but I believe that is some time away. Unemployment is low and interest rates are low but threatening to continue to rise. This is motivating buyers to buy now. Yes, there will be more inventory in the spring but a big new batch of buyers will be out there too. If you find a home now, I think it’s the time to go for it. 

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