Market Conditions for Arlington, Virginia Reported by Barb Northam, Associate Broker, REALTOR, CRS, GRI, e-PRO Updated January 5, 2009.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 2 1 2 3 4 5 Falling Rising

Close in Arlington is still a desirable home base. Sellers---.Do NOT get too excited--- as the average Sold price rings in at $513K. Compared to last year this time, this represents a decrease of 10 %. Like Alexandria City---it's community-by-community---where some areas are experiencing multiple offers on properties. Oh well. Homes are on the market an average of 69 days, and sellers are getting an average of only 93% of list price. About a 6 month supply of inventory. This is one of the strongest markets in the local area. Sellers still need to have their homes priced for condition, be prepared to give concessions and be willing to negotiate if they want a quick sale. Buyers--in SOME neighborhoods, homes are receiving multiple bids, and prices are climbing.


Approximate Location Boundaries: The County & City of Arlington(North & South Arlington)

Location Characteristics: Close-in and great for fast commuting to D.C., a great mix of Detached, Townhouses and Condos -- old and quaint -- new and modern. Traffic congestion??---close-in Arlington is looking even more attractive than usual.

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