As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets. Today, I’m focusing on Arlington. Given the timeframe, I focused my attention on new listing activity over the past 10 days.
Market Statistics in Arlington: March 16-March 25th, 2020
• There are 105 new home listings in Arlington in the past 10 days, compared to 89 in the same period of 2019.
That’s a 15% increase in new listings this year.
• 88 homes went under contract in Arlington over the past 10 days. During the same period of 2019, 90 homes went under contract.
That translates to an 2% decrease in homes under contract in the past 10 days vs the same period of 2019.
• Over the past 10 days, 29 homes have been withdrawn or temporarily taken off the market.
Lou Sagatov, Realtor®