Blake Davenport of The Davenport Group and RLAH Real Estate is here with your Arlington County real estate market update for November 2023. Discover the latest in real estate trends and what they mean for you in today's dynamic market. 🏠💼
With 336 homes up for grabs and 155 homes sold in the last month, Arlington County's current inventory supplies 2.2 months of homes - showing a 10% increase from the previous month. Despite seasonal slowdowns and rising interest rates, we're witnessing a market that's still pushing prices upward, with the median sales price climbing to $680,000 this year. 📈
🔍 Key Points in This Update: - An increase in market supply typical for the holiday season - A sturdy market with median sales prices up 3% from last year - A notable decrease in homes listed, down 23% from the previous year
🔑 For Buyers: The coming month may be your golden window to find a deal before the spring market surge. Be sure to join our Home Buying Workshop on November 15th for insights on making a successful purchase. Click here to register
🏡 For Sellers: The current market still leans in your favor, with promising months ahead for those looking to sell. Anticipate a competitive market as we approach January, perfect for capitalizing on your investment.
📞 Questions or thinking about selling? We're here to help. For a personalized consultation, contact us or reach out directly to Blake at Blake@thedavenportgroupre.com.
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For further information and to browse our listings, visit our website: - The Davenport Group Real Estate