The median cost of a home in Arlington hit $590,000 in November, the highest on record according to a real estate data firm.
The median price of a home is up 18.4 percent over last year, according to MRIS, signally Arlington’s strong housing market is only getting stronger.
“All the numbers suggest that the already-strong interest in Arlington has grown substantially, even in just the past year or two,” MRIS says on its blog. “Which means this spring should have even more momentum for buyers moving into the area.”
November’s record high price came from 182 sales. There are 2.4 months of housing supply on the market — more signs that it’s better to be a seller than a buyer in the county — and, as of earlier this month, 536 homes for sale.
Image via MRIS