Skyrocketing Sales, Scarce Supply: Amazon Continues to Fuel Arlington Housing Market
✉️ Want to forward this article? Click here.

If you thought that the effect of Amazon's impending arrival on the Arlington housing market would have worn off by this point, you would be incorrect.
“In Arlington, market dynamics in April were driven, at least in part, by Amazon," Andrew Strauch, Vice President at Bright MLS, told UrbanTurf. "The median sales price went up by 19 percent year-over-year driven by condos increasing in price by 12 percent and, even more importantly, single family home sales volume being up 20 percent. Inventory is down by 37 percent for single family homes and 60 percent for condos, so look for a very tight market in Arlington over the next few months which could drive up prices."
Below UrbanTurf plucked out a few numbers that illustrate the climate of the Arlington housing market, six months after Amazon announced its plans to come to Northern Virginia.
story continues below
loading...story continues above
- $661,500 -- The median home sales price in April, up 18.9 percent compared to last April.
- $512,272 -- The average price for a condo in April, up 16.3 percent.
- 72% -- The increase in the number of homes that went under contract in Arlington compared to April 2018.
- 32 -- The average number of days that homes spent on the market in April, a 44 percent drop compared to April 2018.
- 52% -- The percentage of homes that sold in ten days or less in April.
- One -- The monthly supply of homes for sale on the market, a 47 percent drop compared to last April.
- 1.31 -- The number of contracts per active listing in April. It has been above 1.0 since December.
Photo courtesy of HomeVisit.
See other articles related to: amazon hq2, amazon hq2 real estate effect, amazon second headquarters, arlington home prices
This article originally published at https://dc.urbanturf.com/articles/blog/skyrocketing-sales-scarce-supply-amazon-continues-to-fuel-arlington-housing/15392.
Most Popular... This Week • Last 30 Days • Ever

Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »

Today, UrbanTurf heads down to a portion of Southwest DC to see what large residentia... read »

The late California senator's Spring Valley home went under contract over the weekend... read »

The development along Langston Boulevard will now be a little bit shorter, and have f... read »

The Swiss shoe and athletic apparel company is looking to open near the corner of Wis... read »
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- The 6 Big Residential Projects (And Conversions) In The Works For Southwest DC
- Dianne Feinstein's DC Home Finds A Buyer
- From 10 to 7: Changes In The Works For Northern Virginia's Largest Planned Condo Project
- On Running Is Coming To Georgetown
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro