Arlington Virginia Real Estate Market - February 2008 Review - From Keller Williams
March 13th, 2008 Categories: Arlington, Keller Williams
The Arlington, VA Condo Market stats for February 2008 are as follows:
Average Sold Price: $375,159 (a 5% decrease from Feb 07)
Median Sold Price: $365,000 (only a 1% decrease from 2007)
Days on the Market: 69 (Feb 2007 was a close 66)
Total # of Properties Sold: 70 (about 15% of the total 480 active listings)
These facts and figures show that the Arlington real estate market is relatively steady and maintaining value in this market. Numbers tell the story, so look at these before you listen to all of the hype about how bad the economy and the market is doing. This is a great area to own real estate; with so much going on in D.C. area and constant traffic, there will always be people looking to buy and sell in the Northern Virginia area.
This information is courtesy of the NVAR.
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