Slow May For Arlington Real Estate

It was a slow month of May for Arlington real estate. The market seemed to take a huge pause in activity, showings, and contracts. The statistics for the month certainly support that: average prices fell 1.47% from last year, units sold were 289 compared to 310 last year, days on the market increased to 44 (up from 33 last year), and sellers averaged 98.4% of asking, which is about 1% less than we’ve been trending. Here are the stats broken out by location and type of property:

Single Family Homes

N. Arlington Average Net Sale Price: $1,033,509 in 26 days
Range: $404,250 – $2,482,000
S. Arlington Average Net Sale Price: $689,584 in 21 days
Range: $450,000 – $1,175,000

Townhomes
N. Arlington Average Net Sale Price: $838,181 in 16 days
Range: $635,000 – $1,202,000
S. Arlington Average Net Sale Price: $575,535 in 18 days
Range: $350,000 – $755,000

1 Bedroom, 1 Bathroom Condos
N. Arlington Average Net Sale Price: $370,681 in 19 days
Range: $207,000 – $620,000
S. Arlington Average Net Sale Price: $258,206 in 65 days
Range: $118,000 – $372,900

2 Bedroom, 2 Bathroom Condos
N. Arlington Average Net Sale Price: $599,400 in 32 days
Range: $400,000 – $888,000
S. Arlington Average Net Sale Price: $428,341 in 24 days
Range: $284,000 – $576,000

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