Home-buyer enthusiasm in Arlington remains highest in the metropolitan region even if many sellers are sitting out the market, according to new data, and continued to strengthen as the spring buying season rolled on.
The T3 Home-Demand Index of Bright MLS uses a variety of data points and a proprietary formula to settle on a monthly score for buyer interest all the way down to the ZIP-code level. It is a forward-looking counterpart to rear-view-mirror monthly sales data.
The open-ended scorecard gauges buyer-interest conditions as High with any score above 130; Moderate from 110-129; Steady from 90-109; and Slow from 70-89. Any score less than 70 suggests the market of available homes is limited.
In the latest data, released May 11 and looking at the market in late April, Arlington’s score of 161 was up from 144 a month previously to lead the region. It was the only jurisdiction to reach the High category for the month.
Among individual ZIP codes in the county, all were in the High range except for 22207 (94). Leading the pack was 22202 (242), followed by 22206 (209), 22203 (204), 22213 (163), 22205 (162) and 22201 (160).
The regional score in the new data was 90, up from 83 a month before and 77 two months prior.
Three other localities were in triple digits for May: Alexandria (119, down from 128 a month before); the city of Falls Church (115, up from 94); and Fairfax County (102, up from 94).
Further down the list were the District of Columbia (95, up from 90); Prince George’s County (88, up from 81); Loudoun County (87, up from 74); Montgomery County (78, up from 72); and Frederick County (60, up from 49).
While most of the jurisdictions were up month-over-month, all were down – most substantially – from a year before. Both Arlington and Fairfax counties had declines of around 30 percent from spring-of-2022 figures.
For full details, see the Website at www.homedemandindex.com.
