Just Listed highlights Arlington properties that just came on the market within the past week.
Woah, woah — are we slowing down?
Ask just about any agent in Northern Virginia if things feel like they’ve slowed down over the past seven days, and they’ll likely tell you yes. My informal survey of agents from my office and a few from other brokerages that I stay in close contact with all concur, 100%. That could mean a few things — either things have slowed down (likely just temporarily), OR all of us agents are finally getting used to working from 5:30 a.m. until 11 p.m.
Fewer multiple offer scenarios, fewer offers per property, less showing traffic and slower open houses — these are all things I experienced over the past week, and many of my colleagues in the industry concur. Could it be the heat? Maybe. Could it be some monumental shift in our fast-paced marketplace? Doubtful. Markets swing up, and down, sometimes fast and other times slow. My guess, this is just a brief hiccup, and we’ll be back to the brisk pace this time next week.
Let’s dig into this week’s numbers and see how they stack up!
Sellers listed 129 homes for sale this past week, nine less than the week before. Buyers ratified 92 contracts, one more than the week prior, 45 of which were on homes just listed in the past seven days.
This week, there are 505 available properties for sale throughout all of Arlington and across all property types, remaining unchanged from the week before. 117 are detached homes.
There are 57 townhomes/semi-detached homes currently for sale, and condominiums make up 331 of the available units in Arlington.
To give you a brief comparison of what our numbers looked like last year for the same week, sellers listed 55 homes and buyers ratified 43 contracts. There were also only 267 available properties for sale this week last year.
The average list price for currently available properties is $778,152 and the median is $575,000. Currently available properties in Arlington have an average of 61 days on market (DOM) and a median of just 34.
Click here to search currently available Arlington real estate. If you see a home you’re interested in purchasing, give us a call.
Call the Andors Real Estate Group today at 703-203-1117 to talk more about buying or selling Arlington real estate. Below are eight new listings I think you might like to check out:
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