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Arlington Real Estate

Listing-price cuts begin to tick up in local homes market

Listing-price cuts begin to tick up in local homes market

Most localities seeing higher percentage of reductions compared to year before
Region's median home-sale price in May tied for highest ever

Region's median home-sale price in May tied for highest ever

Closings were down slightly from a year before, according to Bright MLS
D.C. region's year-to-date home sales running below 2023 data

D.C. region's year-to-date home sales running below 2023 data

Just under 19,500 properties went to closing between January and May; median price rose $40,000
Year-over-year N.Va. home-sales totals flat as they can be

Year-over-year N.Va. home-sales totals flat as they can be

Both May, year-to-date figures show little change from 2023 figures
Update: Per-square-foot housing costs rise significantly in region

Update: Per-square-foot housing costs rise significantly in region

Local area's 61.3% increase in five years compared to 52.7% nationwide
Prices still rising for Arlington single-family properties

Prices still rising for Arlington single-family properties

Sales down countywide for May after a solid April performance
Some local home-sellers willing to cut listing prices

Some local home-sellers willing to cut listing prices

About 8% of homes on market saw a reduction during one-week period, according to new data
Va. Realtors expect home prices to keep rising through summer

Va. Realtors expect home prices to keep rising through summer

Buyers remain active while sellers often are staying put at the present time
Most local home-sellers holding steady on listing prices

Most local home-sellers holding steady on listing prices

Percentage of those cutting prices generally low, but varies by N.Va. jurisdiction
Lower home showings suggest local market starting to cool

Lower home showings suggest local market starting to cool

Memorial Day drop-off is typical, but showings are running at low end of recent annual trends