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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (87148)8/26/2007 6:51:28 PM
From: Les HRead Replies (1) of 306849
 
"In Arlington, Fuller and Leurdijk may have happened to hit the market's turn dead-on. In July, the median price for a single-family resale home in the county increased nearly 11 percent compared with a year earlier, according to Metropolitan Regional Information Systems, the local multiple listing service. That was the first significant increase since prices headed south in July 2006. (Technically, there was a price increase of 0.2 percent in December, but that's barely enough to register.) Sales volume went up during July in Arlington as well. The number of sales was 7 percent higher than one year earlier."

Probably will head back down again. Arlington's median/average sales figures are heavily skewed by the multi-million dollar sales which comprise only about 10 percent of the market. July's comps just happened to match up with the big decline in those sales last year. If you compare this July's sales against last June, the median sales figures has declined.
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