Arlington Real Estate Fact of the Day

I normally don’t do things like this, but these stats are too incredible to keep to myself:

Time on the Market for Homes For Sale in Arlington

Of the properties currently under contract:

15% sold in 4 days or less

20% sold in 7 days or less

45% sold in 30 days or less

59% sold in 60 days or less

Why is this too good not to share? Because for people who think the market is slow, or prices are too high, they need to see that things are SELLING. And selling fast! The 40% sitting for more than 60 days – 34% are short sales, 10% are foreclosures, and I would take a guess that the remainder were overpriced for the first 1-2 months they were on the market.