Yesterday I wrote that local real estate markets vary from the national market and locally, the market can vary by community, zip code, subdivision and even by street. Here is some local market information that just came out for Arlington:
For the month of March, both average and median prices increased from March of 2009. The total number of units sold increased and the days on the market decreased. These are all positive indicators and point to a better period for home sellers.
Over the last 6 months, these prices peaked in December, reflecting the run-up in prices as the Nov. 30 deadline for the first time home buyer credit approached. Prices dropped in January reflecting both the extension of the home buyer credit and the typical seasonal drop. Prices for February and March increased and will probably continue to increase due to both the Spring market and the upcoming April 30 deadline for the first time home buyer credit.
