|Total Sold Dollar Volume||$135,094,600||+3.26%||-7.77%|
|Median Sold Price||$500,000||-5.66%||-5.03%|
|Avg Sold Price||$553,666||-3.93%||-6.26%|
|Avg Days on Market||55 days||+14.58%||+30.95%|
|Avg Sold to Orig List Ratio||95.64%||-0.89%||-1.02%|
By the looks of the table above, the month of July was not a prosperous one. Median prices and average sold prices for homes sold decreased, meaning it was not a good month for homeowners who were selling. Less homes that were listed were purchased by buyers which increased the number of days a listing is on the market.
Homeowners shouldn’t be discouraged, it is evident that this was just an off month. Many individuals, during the month of July are out on vacation trips and etc. I feel confident that it will change for the upcoming months.
Another point that I do want to make is that there wasn’t many new listings entered this past month which also plays a role in the decrease in statistics.
For more statistical data on this area or another area: Statistics for month of July 2011
Interested in listing your home or just want some more stasticals information for our area?
I can help you:
– Receive listings of homes for sale as soon as they hit the market
– Determine your home’s value
– Arlington VA condos for Sale – Clarendon Condos for sale
-Relocating to Arlington, VA
Feel free to contact me anytime Norm at callnorm.com Make it a great day! www.callnorm.com Keller Williams Realty
Arlington VA Real Estate services the following zip codes
22201, 22203, 22205, 22207, 22209, 22213,
22202, 22204, 22206
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