Per-square-foot sales prices dropped but some other data points moved higher as the Arlington real-estate market closed out the first half of 2025.<\/p>\n
The average per-square-foot sales price for homes that went to closing countywide in June was $482, according to statistical data<\/a> reported July 10 by Bright MLS<\/a>, the Mid-Atlantic\u2019s multiple-listing service.<\/p>\n That was down 5.3% from $509 a year before, and trailed the cumulative average of $507 recorded for the first six months of the year.<\/p>\n For the month, Arlington placed fourth highest in the metro area behind the District of Columbia, Falls Church and Alexandria. In a typical month, Arlington vies with DC for the top spot.<\/p>\n Across Northern Virginia, Arlington was the only major locality to post a year-over-year decline in per-square-foot prices. In other jurisdictions:<\/p>\n Across the Mid-Atlantic as a whole, June\u2019s average per-square-foot sales price of $263 was up 3.5% from $254, and the year-to-date average of $257 was up 3.2%<\/p>\n Comparison of per-square-foot costs is a way to factor out monthly market swings in places like Arlington, where a change in the mix of single-family housing vs. attached units such as condominiums can produce swings in the average sales prices of properties.<\/p>\n While the per-square-foot cost was down, there were some ongoing signs of strength as the Arlington market continues to absorb economic impacts of higher interest rates and Trump-era uncertainties.<\/p>\n A total of 244 properties sold during the month, up 17.9% from a year before, and the average sales price of single-family homes rose 4.1% to $1,542,569.<\/p>\n Average sales prices of townhouses, rowhouses and condominiums all posted declines, however, pushing the overall average sales price down 1.7% to $942,846.<\/p>\n The bump up in sales helped push Arlington\u2019s market volume in June to just over $232 million. That\u2019s an increase of almost 18% from a year before. The number of pending sales headed toward closing also was in positive territory during the month.<\/p>\n The mixture of positive and negative data in Arlington is being replicated across the region, said Lisa Sturtevant, chief economist for Bright MLS.<\/p>\n \u201cThe 2025 housing market is shaping up to be relatively slow, with transactions on pace to match the level last year,\u201d she said. \u201cEven though there is more inventory, high mortgage rates and high home prices are holding buyers back.\u201d<\/p>\n In Arlington, inventory was up nearly 45% from a year before, aiding prospective purchasers. Arlington\u2019s figure is slightly higher than the overall inventory bump for the entire metro area.<\/p>\n \u201cBuyers are starting to have more negotiating power in the market, which is impacting price momentum,\u201d Sturtevant said.<\/p>\n Across Bright MLS\u2019s Washington coverage region, the median sales price of all homes that sold for the month was $650,000. Though up 1.6% year-over-year, it was the slowest rate of growth in two years.<\/p>\n The highest appreciation rates came in two of the most outlying parts of the region \u2014 Loudoun County in Virginia and Frederick County in Maryland.<\/p>\n Many Va. Realtors expect prices to drop in coming months:<\/strong> More than four in 10 Virginia Realtors<\/a> participating in a recent survey see home prices falling in coming months.<\/p>\n\n