The Arlington housing market continues to show dynamic trends as we move through the year. Here are some key highlights for July 2024:
- Active number of homes on the market: 296
- Homes sold in the last 30 days: 202
- Months of Supply: 1.5 vs 1.3 (up 15% from last month)
Market Performance
- Median Sales Price:
- July 2024: $794,950
- July 2023: $697,500
- Increase: 14% higher than last year
- Median Days on Market:
- July 2024: 8 days
- July 2023: 9 days
- Decrease: 11% lower than last year
With a significant 14% increase in the median sales price compared to July 2023, the market remains robust. Although there is a slight increase in the months of supply, indicating more homes available, the demand continues to be strong with a low median days on market of just 8 days.
As the election approaches, it is anticipated that the market might slow down. However, with 296 active homes and 202 homes sold in the last 30 days, there is still considerable movement in the market.
Stay Informed and Get Involved
Whether you’re looking to buy or sell a home in Arlington, staying informed about the latest market trends is essential. Be sure to check out our listings and sign up for our upcoming home buying workshop for more detailed insights and personalized advice.
At The Davenport Group, we are obsessed with delivering an unmatched real estate experience.
If you are looking to purchase or sell a home, we would be honored to help you find your place. 🏡
Contact Us
- 📱 Call/Text Direct: (703) 350-8800
- 📧 Email: blake@thedavenportgroupre.com
- 💻 Website: thedavenportgrouprealestate.com
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