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    Arlington TX Real Estate Market Report – September 2017

    Arlington TX Real Estate Market Report – September 2017

    Enjoy this Arlington TX Real Estate Market Report for September 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market.

    Search Arlington TX Homes for Sale by Zip Code

    7600576006
    7601276013
    76016

    Arlington TX Home Sales Remain Strong in 2017

    Here is a look at the Arlington TX Real Estate Market for September 2017.  August experienced a 2.3% decrease in closed sales with an 7.9% increase in new listings and median days on market of homes for sale in Arlington TX remaining in the single digits.

    A Look at Housing Stats

    Arlington TX real estate statistics are tracked in the North Texas Real Estate Information System (NTREIS), more commonly known as the Multiple Listing Service or MLS.  This is a look at all residential property types including single-family homes, condominiums, and townhouses, including both resale and new construction.  In Arlington for the month of August 2017:

    • 422 Sales Closed — Down 2.3% from 432 in August 2016
    • 431 Homes were In Contract expected to close soon
    • 532 New Listings went on the market, Up 7.9% from 493 in August 2016
    • Median Days on Market (DoM) = 9 Days — Up 12.5% from 8 in August 2016
    • Active Listings = 570 — Down 11.2% from 642 in August 2016
    • Month’s of Inventory = 1.5 Months

    In the last 3 months there have been 84 listings expire without being sold.

    The trend in original list price has increased 5.8% from 189,900 in August 2016 to $199,900 in August 2017 with average list price to sales price ratio at 99% indicating that even though there has been a monthly decrease in home sales, the market trend upward throughout this year is resulting in higher prices.

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    Luxury HomesMost Recent Listings

    What Does This Data Mean?

    When we look at the market trends the month’s of inventory is a key number.  This number is the total number of home sales in a given month divided into the total number of active listings.  In this case 570/422 = 1.5 (rounded).  This means if no other listings were put on the market and the same number of homes continues to sell, it will take 1.5 months to exhaust the current inventory.  A neutral market is considered 6 months of inventory.  Anything less than 5 is considered a seller’s market and anything greater than 7 is considered a buyer’s market.

    Arlington is Currently in a strong Seller’s Market

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    What Does This Data Mean if I am Selling a Home in 2017?

    Arlington, as well as the rest of north Texas has experienced four years of record homes sales with each of the last four years beating out the previous year.  Are we beginning to see a shift in the market?  The funny thing about a shift is that one, it usually happens quickly and two we only know where the exact top of the market is when we look back.  If your realtor is not tracking the market, then you might miss the opportunity to obtain top dollar for your home.  Now might actually be the best time to sell a home in Arlington TX.  Many people were recently displaced from Hurricane Harvey and are buying homes in DFW.  If you’re considering selling your home in today’s market, contrary to popular belief it takes a lot more than simply placing a sign in the yard and waiting for the phone to ring.

    At the Lockhart Real Estate Team, we offer free consultations where we will review what the most recent homes have sold for that are most closely comparable to yours as well as look at the exiting active inventory buyers will see and compare to yours.  With this information in hand, we can develop a tailored marketing approach which starts with strategically pricing your home so it screams value to the buyers in today’s market.

    Learn more about Closing Costs when Selling a Home in Arlington TX.

    The housing market is changing on a daily basis, and you need a real estate professional who monitors this market and is able to interpret it for you and advise you on how to reach your real estate goals.  To find out how recent sales have affected the value of your home, click here to obtain your home value online in only 15 seconds.

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    What Does This Data Mean if I am Buying a Home in 2017?

    Buyers in Arlington are facing a challenge of low inventory.  With only an average of 9 days on market and only 1.5 months of inventory, the best homes are going quickly posing a challenge for buyers to find that great home.  The good news for buyers is with today’s interest rates remaining so low, home affordability remains very favorable.  Arlington TX home prices are lower than many other DFW cities. If you have been renting, it might surprise you to know that many people can actually buy a similar home with lower monthly payments than their current rent.  There are also significant tax advantages to buying a home versus renting.
    This graph shows the average percentage for sales price versus original listing price for houses in Arlington.  Over the last year this has seen little fluctuation maintaining between 97% and 100% throughout most of the year.  Many buyers are still loosing out even with offers above list price. This average fluctuates for each particular neighborhood in which you are interested in buying a home.

    If a home you like is on the market and in move-in-ready condition then it is important to move quickly.  We offer a free buyer’s consultation where we can walk you through the entire home buying process from beginning to end so you feel comfortable and confident moving forward.  It is also important to speak with a lender about becoming pre-qualified so that 1) we are sure which price range to look and 2) we are able to move quickly when we find you that perfect home.

    Learn more about Closing Costs when Buying a Home in Arlington TX

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    Check out the Most Recent Homes for Sale in Arlington TX


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    Arlington TX Real Estate Market Report – April 2018

    Posted: May 24, 2018

    Arlington TX Real Estate Market Report – April 2018 Enjoy this Arlington TX Real Estate Market Report for April 2018.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Arlington TX Real Estate Market Report – March 2018

    Posted: April 18, 2018

    Arlington TX Real Estate Market Report – March 2018 Enjoy this Arlington TX Real Estate Market Report for March 2018.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Arlington TX Real Estate Market Report – February 2018

    Posted: March 12, 2018

    Arlington TX Real Estate Market Report – February 2018 Enjoy this Arlington TX Real Estate Market Report for February 2018.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Arlington TX Real Estate Market Report – January 2018

    Posted: February 9, 2018

    Arlington TX Real Estate Market Report Enjoy this Arlington TX Real Estate Market Report for January 2018.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for Sale by Zip […]

    Arlington TX Real Estate Market Report – December 2017

    Posted: January 10, 2018

    Arlington TX Real Estate Market Report Enjoy this Arlington TX Real Estate Market Report for December 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for Sale by Zip […]

    Arlington TX Real Estate Market Report – November 2017

    Posted: November 10, 2017

    Arlington TX Real Estate Market Report – November 2017 Enjoy this Arlington TX Real Estate Market Report for November 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Arlington TX Real Estate Market Report – October 2017

    Posted: October 10, 2017

    Arlington TX Real Estate Market Report – October 2017 Enjoy this Arlington TX Real Estate Market Report for October 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Graph of Arlington TX Real Estate Average Price for last year in August 2017

    Arlington TX Real Estate Market Report – September 2017

    Posted: September 19, 2017

    Arlington TX Real Estate Market Report – September 2017 Enjoy this Arlington TX Real Estate Market Report for September 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    Graph of Arlington TX Real Estate Average Price July 2017

    Arlington TX Real Estate Market Report – August 2017

    Posted: August 23, 2017

    Arlington TX Real Estate Market Report – August 2017 Enjoy this Arlington TX Real Estate Market Report for August 2017.  You may also search for homes for sale and save your favorite properties.  Set up a search and be alerted when new properties matching your criteria come on the market. Search Arlington TX Homes for […]

    • About the Author
    • Latest Posts

    About Tim Lockhart

    Lead Agent and owner of the Lockhart Real Estate Team – Keller Williams Realty, Tim Lockhart, a 6th generation Texan, grew up in Arlington TX, and after having served 20 years as an Air Force Civil Engineering officer he retired in 2013. The experience, work ethic and leadership gained in the Air Force propelled him in only 4 years to build a real estate business ranking in the top 5% of agents worldwide, while outperforming the market by 28%, selling his seller’s homes 27% faster. Tim is a Certified Military Relocation Specialist providing the highest level of service to his clients.
    • Wichita Falls Market Report – June 2018 - July 25, 2018
    • Wichita Falls Real Estate Market Report – May 2018 - June 28, 2018
    • Wichita Falls Real Estate Market Report Archive - June 5, 2018
    • Wichita Falls Real Estate Market Report – April 2018 - May 24, 2018
    • Tarrant County Real Estate Market Report – April 2018 - May 24, 2018
    • Arlington TX Real Estate Market Report – April 2018 - May 24, 2018
    • Tarrant County Real Estate Market Report – March 2018 - April 19, 2018
    • Dallas County Real Estate Market Report – March 2018 - April 19, 2018
    • Wichita Falls Real Estate Market Report – March 2018 - April 18, 2018
    • Arlington TX Real Estate Market Report – March 2018 - April 18, 2018

    Posted in: Arlington TX Real Estate Market Report, Real Estate Market Report

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