Arlington real estate market review for 2015: started off extremely strong and fast paced, but ended the year on a bit of a slow down with a tremendous dip in inventory. We finished 2015 in an incredible sellers market, where inventory that is under $1.5M basically flew off the market. Here are the overall numbers for the year compared to 2014:
- Average Sale Price UP 2.31%
- Days on the Market UP by 9 to an average of 49 days
- However, 40% of the sales in 2015 sold within the first 10 days on the market
- Average Sale Price Compared to Original List Price was 97.5% (this was down a bit from last year)
- Single Family Homes increased by 2.7%
- Townhomes increased by 2.8%
- Condos increased by 2%
- A total of 2,881 homes sold during 2015, that’s 107 more than 2014