Friday, February 13, 2009

Arlington County Sales Rise in December

After a few months of decline, home sales rose in Arlington County, VA for the month of December. The chart below tracks the monthly sales since April 2008.

Click on the image below for a larger view.

Is this a beginning of some good news? There is some bad news that goes with this increase in sales. The median home price dropped further in December to $454,000 from a high in October of $558,000. Hopefully, if sales stay strong the median home price can climb back up as the inventory of homes on the market shrinks.

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