Home | Newsletter | Advertise
loading...

The Very Tight Housing Market That Amazon Has Created

  • June 12th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home that recently sold in Arlington.

The Arlington housing market continues to feel the effects of Amazon's impending arrival. This month, the effect can be seen in rising home prices, but more noticeably in a severe lack of homes for sale.

“Amazon HQ2 continues to have an impact on the Arlington housing market," Andrew Strauch of Bright MLS said. "Housing inventory in Arlington is down 50% from a year ago and closed sales are down 11% due to the lack of inventory. With prices up 10%, new listings are still down 20%. We expect to continue seeing a very tight market in Arlington.”

Below, UrbanTurf plucked out a few statistics that speak to the state of the market in the county. 

  • $615,000 -- The median price in Arlington in May, up 10 percent year-over-year. 
  • -21% -- The percentage drop in new listings to come on the market in May. 
  • -49% -- The percentage drop in total inventory of homes for sale. 
  • 100.5% -- The average sales to original list price ratio in May. 
  • 1.12 -- The monthly supply of homes for sale on the market, a 47 percent drop compared to last May.
  • 1.22 -- The number of contracts per active listing in May. It has been above 1.0 since December. 

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-tight-arlington-market-that-amazon-has-created/15514.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse