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Northern Va. housing market, especially Arlington, shows signs of slowing
Home » Business & Finance » Northern Va. housing market,…
Northern Va. housing market, especially Arlington, shows signs of slowing
Jeff Clabaugh | jclabaugh@wtop.com
August 27, 2021, 1:15 PM
When it comes to housing prices and sales, red-hot Arlington County cooled a bit last month compared to last summer — a modest slowdown that the Northern Virginia Association of Realtors says was typical throughout the region.
NVAR reports the median price of a home that sold in Arlington County last month was 9% lower than a year ago, and the average number of days on the market, or how long it took to sell a home, was up 35% compared to last July.
The number of new listings in Arlington County also fell 19% from a year ago.
Throughout the NVAR region, which includes Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton, the average sale price of about $724,000 was up 4% from a year ago. However, the average sale price in June was 15% higher than a year earlier.
{snip}
Jeff Clabaugh
Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.
jclabaugh@wtop.com
@wtopclabaugh
Northern Va. housing market, especially Arlington, shows signs of slowing
Jeff Clabaugh | jclabaugh@wtop.com
August 27, 2021, 1:15 PM
When it comes to housing prices and sales, red-hot Arlington County cooled a bit last month compared to last summer — a modest slowdown that the Northern Virginia Association of Realtors says was typical throughout the region.
NVAR reports the median price of a home that sold in Arlington County last month was 9% lower than a year ago, and the average number of days on the market, or how long it took to sell a home, was up 35% compared to last July.
The number of new listings in Arlington County also fell 19% from a year ago.
Throughout the NVAR region, which includes Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton, the average sale price of about $724,000 was up 4% from a year ago. However, the average sale price in June was 15% higher than a year earlier.
{snip}
Jeff Clabaugh
Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.
jclabaugh@wtop.com
@wtopclabaugh