Inventory of active listings (single family + condos) decreased from 989 at the end of`October to 946 at the end of November. Total units sold decreased from 156 during October to 130 in November. The average sales price for listings that actually sold decreased (5.23%) from $541,339 to $513,040. Average Days on Market for those properties actually selling increased from 66.to 69. Overall, the absorbtion rate or Total Active Listings divided by the number of Sales for the previous month increased from 6.34 to 7.28 months.
ZIP Codes: 22207, 22204, 22205, 22201, 22206, 22202 Location Characteristics: Historic Arlington, A Great Place to Live and Work
About Ron Fowler:
Selecting a Realtor is a very important decision! A home is usually the single largest purchase in your lifetime. In today's complicated market it is important to have an experienced professional to help you with your real estate needs. When choosing a realtor you should consider their reputation, marketing approach, market knowledge, and their commitment to putting the needs of their clients first. I am a graduate of the United States Merchant Marine Academy at Kings Point and hold a Masters Degree in Business Administration from New York University. I am also actively involved with the community as a volunteer coach and Scout Leader, and as the father of 11 children, I understand the needs of individuals & families transferring into and out of the Washington metropolitan area.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
