July 2017 – Inventory Shortage, Prices Fall Anyway

July 2017 – Inventory Shortage, Prices Fall Anyway

During July 2017, active inventory was down 12%, days on the market was 38, units sold was up 4%, but prices fell about 2% from last year. Sellers averaged 98% of original list price.

Single Family Homes
N. Arlington Average Sale Price: $1,087,600 in 32 days
Range: $512,000 – $2,470,000
S. Arlington Average Sale Price: $792,300 in 31 days
Range: $440,000 – $1,710,000

Townhomes
N. Arlington Average Sale Price: $1,015,909 in 31 days
Range: $500,000 – $1,860,000
S. Arlington Average Sale Price: $556,832 in 20 days
Range: $300,000 – $869,754

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Sale Price: $365,008 in 27 days
Range: $195,000 – $612,500
S. Arlington Average Sale Price: $278,365 in 23 days
Range: $174,001 – $332,000

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Sale Price: $602,782 in 32 days
Range: $286,000 – $1,118,000
S. Arlington Average Sale Price: $451,721 in 24 days
Range: $320,000 – $563,500

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