If we take a look back at 2019 real estate in the Arlington area, you could say the unprecedented property values, bidding wars and lack of inventory of previous year has eased up. But in no way has the real estate market eased off in terms of strength and competitiveness.
A loosening of inventory has given buyers a little more breathing room and perhaps fewer bidding wars. But with average sales prices still above asking and demand still strong, sellers are still experiencing the benefit of high home values.
As always, our proximity to some of the best universities and hospitals in the country, strong employment in high-tech and biotech, and access to the city via public transportation and bikeways makes Arlington and many of the surrounding towns an ever-popular choice for homebuyers.
We are entering the year 2020 with many changes upon us – an election year, economic and social changes at the forefront, and probably will be for some time. There is never a ‘perfect time’ to buy or sell a home, the best time to buy or sell a home is when it’s best for you.
If you’re thinking about buying or selling in 2020, contact us, and together we can prepare a plan that works for you in the current market.
In the meantime, take a look at some interesting trends in 2019 Arlington real estate:
*Source: MLS: 1/1/2018 - 12/31/2018 & 1/1/2019 - 12/31/2019
**Source: MLS: 1/1/2019 - 12/31/2019