Real Estate Market Statistics for Arlington, Va December 2017

 

mktstatsdec2017

Here’s your December real estate market statistics for Arlington County, Va. There is really no bad news in here for Arlington sellers. Total sold volume is up year over year even though total units sold is exactly the same. Average sold price is up 1.32% year over year. Average days on market for Arlington is up, but that is likely a reflection of the number of $1M + homes on the market. These take longer to sell. If you are thinking of selling, note that a big driver for the increase in home prices is the 12% drop in active listings, year over year. It is not hard to figure out that inventory is low, low, low. Buyers are very active now. With interest rates creeping up, buyers are ready to lock in their lower interest rates. Note that there were 29 cash deals but the vast majority of closed transactions entailed some type of financing. If you are thinking about selling and would like more information on your specific zip code and neighborhood please email me at janejensen@comcast.net or call 571-228-5656. I’m happy to get that information to you. It’s a great time to be a home seller in Arlington.

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