Looking for Arlington VA condos for sale? In this article, we’ll analyze recent sales data to give you an idea of the present state of the condo market. Our report is based on closed sales data through the end of December 2016. 

All of this data came directly from the MRIS, which is the multiple listing service used by Northern Virginia real estate agents.

Arlington VA Condos for Sale - Seller’s Market or a Buyer’s Market?

  • Condos currently for sale: 215
  • Closed sales for condos in December 2016: 120
  • Average sale price: $444,674
  • Average list price: $459,374
  • Sales price to list price ratio: 96.8%
  • Average days on the market: 73
  • Number of sales currently pending: 112
  • Absorption rate: 1.79 months of inventory. A balanced market has an absorption rate of around 5-7 months of inventory. When a market has less than 5 months of inventory, this indicates a seller’s market, while inventory levels of over 7 months points toward a buyer’s market. 

Search All Arlington VA Condos for Sale

Arlington condo sales are in a seller’s market, as you can see from the current level of inventory as of today, 1/21/17. 

The December 2016 contract ratio for Arlington VA condos for sale was 0.49, which decreased from the November ratio of 0.55, but increased from the December 2015 contract ratio of 0.33. The contract ratio is simply the number of properties that are under contract compared to listings that are on the market. An increasing contract ratio points to more demand among buyers, which indicates the market is shifting toward sellers.

Thinking of Selling Your Condo?

Arlington condo sellers are currently in a position to benefit from the low inventory and rising prices, and one of busiest winter seasons in memory. Bidding wars on well-priced properties are common in this winter market. 

Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com to request a free property valuation, which will give you a good idea of how much your property has gone up in value in recent years.

Schedule a Viewing for Arlington VA Condos for Sale

If you’re a condo buyer in today’s market, you have a chance to get into a great property before the rising interest rates decrease your buying power in 2017. Email me at DarrenRobertsonHomes@gmail.com to schedule a time to see one of the Arlington VA condos for sale.