Lower rates are the story this week with 30 year fixed at 5.625% and Jumbos at 5.875%. Increased buying power is never a bad thing. MFL

January has been an interesting month in Arlington. There were 28 properties that went under agreement (Singles, condos & multi-families) see the chart below

 
Went UAG
Current Status
Price Range
# of
Listings
# UAG
# Sold
# Other
$150,000 – $199,999
2
-
2
-
$200,000 – $249,999
1
1
-
-
$250,000 – $299,999
4
3
1
-
$300,000 – $349,999
5
5
-
-
$350,000 – $399,999
7
6
1
-
$400,000 – $449,999
1
1
-
-
$450,000 – $499,999
2
2
-
-
$500,000 – $599,999
7
6
1
-
$600,000 – $699,999
3
3
-
-
$700,000 – $799,999
-
-
-
-
$800,000 – $899,999
1
-
1
-
$900,000 – $999,999
-
-
-
-
$1,000,000 $1,499,999
-
-
-
-
$1,500,000 $1,999,999
1
1
-
-
Total Properties
34
28
6
0

Compare this years inventory to last years on 2/1/07 as you can see there is 108 propeties on the market comapred to 139 last year. Quite a difference! This indicates greater buyer activity.. good news!
2/1/2007
2/1/2008
Price Range
Number of
Listings
Avg. Days
on Market
vs. today
Number of
Listings
Avg. Days
on Market
$150,000 – $199,999
6
188
1
204
$200,000 – $249,999
5
137
10
68
$250,000 – $299,999
5
61
10
150
$300,000 – $349,999
17
94
11
160
$350,000 – $399,999
20
129
18
81
$400,000 – $449,999
14
129
9
116
$450,000 – $499,999
22
53
14
229
$500,000 – $599,999
18
129
14
166
$600,000 – $699,999
10
138
10
168
$700,000 – $799,999
11
216
2
155
$800,000 – $899,999
7
129
1
2
$900,000 – $999,999
2
154
3
276
$1,000,000$1,499,999
2
134
4
112
$1,500,000$1,999,999
-
-
1
245
Total Properties
139
Avg. 121
108
Avg. 145