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Welcome to The Stillwell Group Market Update. I’m Lee Stillwell.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to Bright MLS, the marketplace for Arlington, VA residential properties, here’s what happened in 2024 Vs 2023:
The number of sold listings decreased by 6% to 777 properties with a top sale of $6.4 million at 3901 44th St N
The Average Sales Price increased by 6% to $1.45 million, and the Average Price Per Square Foot is $522.
The 30-year fixed mortgage rate is at an average rate of 7%, according to Freddiemac.com
If you’re thinking about buying or selling residential real estate now or shortly, it’s essential to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in. We’ll see you at the next Stillwell Group Market Update.
