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Housing Market Update | Arlington, Virginia | September 2023


Discover the latest trends in Arlington County's real estate market with Blake Davenport of The Davenport Group & RLAH Real Estate. 🏡

Key Stats:

•Current Listings: 282 homes

•Homes Sold Last 30 Days: 180

•Months of Supply: 1.5 (📈 up 15% from last month's 1.3)

•Comparison to Last Year: Down 26% (2,149 homes this year vs. 2,889 last year)

Post-Labor Day has brought a surge in listings. Still, inventory remains scarce, a dominant force pushing up prices. The overarching trend? Lack of inventory will likely persist. With interest rates unlikely to drop, prices will keep rising, making the fall an optimal buying window.

For Buyers: Expect prices to climb every year from fall to spring. Last year, the average price rose 2.3% from September to December. By early next year, expect to battle 5-15 offers on listings. Save money and sidestep the fray by buying this fall.

Learn more at our Home Buying Workshop on Sep 21st. Sign up here:

Sign up here: https://bit.ly/3LtgbDB

For Sellers: Low inventory means more eyes on your home, especially with the right pricing and marketing. This fall promises good returns, with even brighter prospects come spring.

Contact us through:

📱Call/Text Direct (703)-350-8800

📧Email: blake@thedavenportgroupre.com

💻Website: https://thedavenportgrouprealestate.com/

To search for homes in the Arlington area, visit us here:

http://bit.ly/2ScPnez

Want to check the value of your home? Click here:

https://bit.ly/3EUw54l

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Stay updated with Arlington’s real estate pulse. Subscribe now and never miss a beat. See you in next month's roundup! 👋

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