Drum roll please ….
Here are the most up-to-date stats for the Arlington housing market, as of the end of May:
Arlington Single Family Homes (detached)
Average days on market: 80 (one year ago: 78 )
Median sold price: $630,000 (one year ago: $716,000, that’s a drop of -12%)
Number active on the market: 407 (one year ago: 380)
Arlington Condominiums
Average days on market: 63 (one year ago: 48 )
Median sold price: $330,000 (one year ago: $362,500, that’s a drop of -9%)
Number active on the market: 514 (one year ago: 528 )
Arlington Single Family Homes (attached)
Average days on market: 67 (one year ago: 39)
Median sold price: $560,000 (one year ago: $651,000, that’s a drop of -14%)
Number active on the market: 133 (one year ago: 109)
So, compared to a year ago, you see:
- somewhat longer time on market
- a significant decline in prices from last year this time
- inventory at about the same amount as last year
That’s all the stats for today. Think about it….hmmmm…..
Have a good one,
Chris
Looking Out For You
