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In Arlington, Virginia, the detached home market remained active in April, although buyers are starting to see more options compared to earlier this year. The median home price was $1,358,000, which was slightly lower than March but still 4.5% higher than this time last year. Homes continued to sell relatively quickly, averaging about 19 days on the market.
Buyer activity increased during the month, with more homes going under contract compared to March. At the same time, the number of homes available for sale also grew significantly, giving buyers more inventory to choose from. This increase in supply is helping create a more balanced market compared to the highly competitive conditions seen over the past few years.
Overall, Arlington’s housing market remains healthy, with steady demand and strong pricing. Sellers are still benefiting from motivated buyers, especially for well-priced and updated homes, but buyers are beginning to gain a little more negotiating power as inventory levels rise. The market is now operating much closer to normal seasonal conditions compared to the fast-paced seller-driven environment of recent years.
