The Long & Foster Market Minute

Focus On: Arlington County Housing Market June 2021

Units Sold
365
Active Inventory
523
Median Sale Price
$720,000
Days On Market
20
Up
Vs. Year Ago
Up 76%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 11%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 365 sold this month in Arlington County Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 225 units or 76%. The total number of active inventory this June was 523 compared to 298 in June 2020. This month's total of 523 is lower than the previous month's total supply of available inventory of 542, a decrease of 4%.

Median Sale Price
Last June, the median sale price for Arlington County Homes was $674,900. This June, the median sale price was $720,000, an increase of 7% or $45,100 compared to last year. The current median sold price is 2% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
500
Current Contracts
374
Sold Vs. List Price
100.7%
Months of Supply
1.4
Up 42%
Vs. Year Ago
Up 37%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Up 10%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Arlington County, compared to 1.3 in June 2020. That is an increase of 10% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 500 homes newly listed for sale in Arlington County compared to 353 in June 2020, an increase of 42%. There were 374 current contracts pending sale this June compared to 273 a year ago. The number of current contracts is 37% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Arlington County was 100.7% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 18, an increase of 11%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.