Redfin's most recent ranking of the nation's most competitive housing markets places both Arlington and Alexandria at the top of the list, tied with Grand Rapids, Michigan. The report uses data on waived contingencies, number of offers, days on market and premium above listing price to identify which cities have the greatest competition for would-be homebuyers.
In July, listings sold in a median of 11 and 14 days in Arlington and Alexandria, a week less than the previous July for both jurisdictions. The gradual pacing of Amazon HQ2's arrival seems to be exacerbating constrained supply and competition in Arlington and Alexandria. There were half as many listings on the market last month as there were in July 2018.
The constrained supply is leading to a sense of urgency among buyers, and has translated to 46 percent of listings in Arlington and 36 percent of listings in Alexandria selling at or above asking price in July. The low number of actual sales, however, has flattened median prices year-over-year in both places.
See other articles related to: alexandria, Alexandria real estate, amazon hq2, amazon hq2 real estate effect, amazon second headquarters, arlington county, arlington home prices, arlington housing market, national landing, national landing home sales
This article originally published at https://dc.urbanturf.com/articles/blog/report-ranks-arlington-and-alexandria-most-competitive-markets-nationwide/15777.
Most Popular... This Week • Last 30 Days • Ever
Harry Wardman is responsible for developing huge swaths of northwest DC, from row hou... read »
The neighborhoods where prices have risen the most have one thing in common.... read »
UrbanTurf reached out to a local economist to see which direction home prices are hea... read »
Here are some precautions to take before buying real estate with a buddy.... read »
Intersect at O includes five dramatic elevator townhomes, designed for luxury living.... read »
With interest rates reaching their highest levels in 14 years, it is critically impor... read »
Before deciding to build an addition to your rowhouse, find out whether you'll need t... read »
A stately five-bedroom Woodley Park house has been home to not one, not two, but thre... read »
A look at the residential projects in the works within a block or two of Dave Thomas ... read »
The most active developer in the Union Market has more plans on the boards.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro