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Arlington Real Estate

Forecaster anticipates home-sales rebound nationally in 2024

Forecaster anticipates home-sales rebound nationally in 2024

Yun: More homeowners will be willing to give up low-cost mortgages and move
Home sales down relatively uniformly across N.Va.

Home sales down relatively uniformly across N.Va.

Sales totals running about 25% behind 2022 for first 10 months
Home showings up across region week-over-week

Home showings up across region week-over-week

But other metric trend down as autumnal market takes hold
Arlington still has warmest home-buyer sentiment in region

Arlington still has warmest home-buyer sentiment in region

Most buyer interest found in 22206 and 22203 ZIP codes
Arlington again leads suburbs in per-square-foot home prices

Arlington again leads suburbs in per-square-foot home prices

Seven of nine major area jurisdictions posted year-over-year increases in October
Home sales up for week across metro region

Home sales up for week across metro region

Other signs point to ongoing seasonal cooling
Va. Realtors still seeing dearth of home-sellers in market

Va. Realtors still seeing dearth of home-sellers in market

Buyers also tend to be diminishing as market pivots to slower winter months
Data: Arlington rents dip but remain in stratosphere

Data: Arlington rents dip but remain in stratosphere

Fall typically results in cooling of costs locally, nationally
Local area's home sales cooling with the temperatures

Local area's home sales cooling with the temperatures

Weekly data show typical autumnal cooling
Elevated interest rates taking a chunk from builder confidence

Elevated interest rates taking a chunk from builder confidence

Enthusiasm from builders is at lowest point since start of year