Arlington Real Estate Through The Financial Crisis – Part 3

In part 1 of this 3 part series we looked at how Arlington Real Estate responded to the financial market meltdown of 2008. Then in, part 2 we looked at how Arlington Real Estate responded to the First Time Home Buyer Tax Credit, and its subsequent expiration. Today we take a quick look at how the Arlington County Real Estate market is faring now.

Once again, audience participation will be required in order to get the most out of the charts below. As with the previous two posts, this data looks only at single family detached homes.

What’s Happening in Today’s Arlington Real Estate Market?

The first thing to take notice of in today’s Arlington Real Estate market is that inventory has been on the rise, yet prices have echoed this rise until recently. This is counterintuitive and not historically common in Arlington. Typically any increase in inventory results in a corresponding reduction in average prices, which you can see if you stretch the selection slider to show the entire data set. However, as you do look at the data set in full you can see that today’s prices have been sustained at similar inventory levels before.

The second detail of note is that the average price is up by nearly $80,000 since the most recent low in August 2010, post first time home buyer tax credit. That sure beats the national average by a good margin.

 

So What's Next For Arlington Real Estate?

There is no doubt that Arlington has Arlington Real Estate - Woodsweathered the economic storm as well as anyone could have hoped, and better than nearly anywhere else in the country. Nationally we are not out of the woods, and in some ways the woods of economic uncertainty seem to be thickening. Nationally we have some tumultuous times ahead, I am certain of it. I am also certain of this, if you are going to own real estate during this time of economic upheaval, Arlington County is not a bad place to do it.

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