August Duldrums in the Real Estate Market?

Word on the street (that is, agents at Open Houses) is that activity is slow. Other more interesting activities call out to buyers: the beach, the pool, anywhere but here.
Now let’s look at the stats. On August 11 our MRIS (the Metropolitan Regional Information Systems, Inc. — or MRIS — is the [...]

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Real Estate Stats for Northern Virginia

Here’s a quick look at the real estate data for Northern Virginia, using three major statistics:
DAYS ON MARKET
This is the number of days a house is on the market before going under contract.  The lower the number, the “hotter” the market.  In January 2008 the average days on market for a property (detached, condo, or [...]

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It’s usually about jobs

Recently overhead at the Greater Washington Economic Conference:
Dr. Steve Fuller, Economist at George Mason University says
“The payroll job loss as likely to go deeper and longer – perhaps 18-20 months.  There are currently 13 million unemployed, and many of these people will stay unemployed because the new jobs will have different qualifications than those for [...]

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September Arlington Housing Stats

Real Estate News Update
Read all about it!
That little blip of good news for August sales? Well, it’s back down to the “normal” levels of sales prices we’ve seen in Arlington for the previous few months. Compared to a year ago September, Arlington Virginia condo sales prices are down 7-9%, townhouse prices are down [...]

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Arlington Real Estate Stats Update

Jeepers, Creepers
Over the past few months things have been creeping up: homes prices and interest rates. Though there has been some very recent alleviation on the interest rate front, not so much for home prices.
In July, the average sold price for a single family house in Arlington in July was $757,382, an [...]

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June stats for Arlington are out

Update time!
In Arlington County for single family detached homes:

average days on market has dropped slightly to 66
average sales price for the month was $745,105, a drop of 10% compared to a year ago this time
compared to a year ago, more homes priced in the $300,000-$499,000 price range have sold, and significantly fewer priced above [...]

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May stats are out

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 [...]

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Interest Rates Rumblings

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Arlington 22207 Market Stats

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A look back at the Arlington real estate market since January

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