New listings are down…signed purchase agreeements are also down…pending sales are down…days on market and months of supply are also down (which is good!).

Read this week’s report from Metropolitan Regional Information Systems (MRIS)

Wondering what the median price for single-family homes is in Arlington County? How about the past week versus the last ninety days? Below is an INTERACTIVE graphic that allows you to see the rolling median prices for both statistical categories.

In addition, the lower statistical graph also provides median inventory for the same periods. Just “click-n-drag” on the lower right (below the median inventory) to bring the interactive graph to life. You can see statistics going back to 2008!

For more information on specific zip codes in Arlington County, please click here.

Want to know how the condominium market is faring in Arlington? After prices had been declining for the month of June, and staying flat for July, they seem to have begun ticking upward since August 13, 2010. See the INTERACTIVE graph below for more information.

For more information on condominium statistics in Arlington County (days on market, inventory, zip code specific, etc.), click here!

Arlington home sales had a solid first six months but ran into a roadblock in July! Could it have been the scheduled expiration of the tax credit?  Buyers originally had until April 30th to ratify a contract, and settle by June 30th, though the buyer tax credit closing date was ultimately extended until September 30th. Could it have been that buyers were unaware of this extension and the sales volume drop off is just a reflection of a “normal summer market”?

According to the Metropolitan Regional Information Systems (MRIS), there were a total of 217 homes sold in Arlington County in July, down from 290 a year earlier (and down from 301 sold’s in June 2010)!

To be fair however, the aveage sold price of all homes was $574,704, up 9.81%. This figure surpasses the average sold price in June by almost 1.5%. The median sales price of all homes that sold during the month was $535,000, up 8% from the $494,950 recorded a year earlier (and up 7% from June 2010).

Of the homes that sold in July, it took an average of 51 days to go from listing to ratified contract, down from the 61 days a year before.

Some other statistics include:

• The average sales price of single-family homes was $765,115, up almost 9 percent.
• The average sales price of attached homes (townhouses, rowhomes, etc.) was $519,091, down 12 percent
• The average sales price of condominiums was $394,944, up 5 percent
• There were 18 transactions that represented sales of $1 million or more (down 38 percent from June 2010)
• The final sales prices, of homes sold in July, represented 96 percent of the orginal asking price, up slightly from a year earlier (95 percent)
• Approximately 54 percent of all sold homes spent less than one month on the market, while only 8 percent spent more than 3 months on the market.
• At the end of June, thee were 964 properties on the market in Arlington County (35 percent single-family homes, 9 percent attached homes & 56 percent condominiums)
• Of the 217 sold properties in June 2010 there were 98 single-family homes sold (45 percent), 22 attached homes (10 percent) and 97 condominiums (45 percent).

What can we take from this? Is it all doom and gloom now that the buyer tax credit is coming to an end soon and we are smack dab in the summer market? Not all news from the June sales paint a negative picture- after all, the average sold price was up, the median sold price was up and the days on the market decreased!

And if interest rates continue hovering around 4.5 percent, who knows what can happen!

For more information on June 2010 Arlington County sales figures and statistics, please contact me.