Looking for Shirlington townhomes for sale? In this blog, we’ll take a look at recent sales of townhouses in this area, to give you a good idea of what’s going on in the current market. This market report is based on recently available data from the MRIS that incorporates closed sales through December 2016.

Shirlington Townhomes – What has the Market Been Doing?

  • Townhomes currently for sale: 6
  • Closed sales for townhomes in December 2016: 4
  • Sales price to list price ratio: 99.5%
  • Average days on the market: 31
  • Number of sales currently pending: 5
  • Absorption rate: 1.5 months of inventory. A balanced market has an absorption rate of around 5-7 months of inventory. Markets that have less than 5 months of inventory indicate a seller’s market, while 7+ months’ worth of inventory points toward a buyer’s market. 

Search all Shirlington Townhomes for Sale

Shirlington townhomes are in a seller’s market, as we can see from the current inventory of properties as of today, 1/23/17.

The contract ratio in December was 1.75, which represented a slight increase from November, and a significant increase from December 2015, when the contract ratio was 1.00. The contract ratio is the number of pending properties (listings that are under contract) compared to the number of active properties that are currently listed for sale.

Thinking of Selling Your Townhome?

This is a great time to be a Shirlington homeowner who is thinking of selling, and you’ll likely benefit from the low inventory levels. Since the recent interest rate hike, more buyers have been entering the market in order to avoid further rate increases, and this is stimulating demand and creating bidding wars for well-priced properties.

Schedule a Viewing for Shirlington Townhomes

Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com to schedule a viewing for one of the Shirlington condos or townhomes that is currently available. If interest rates continue to rise in 2017, as is projected, your borrowing power will decrease, so it’s a good time to benefit from interest rates that are still very low.