Smith | Schnider

  • Services
  • Projects
  • Contact
  • News
  • Careers
Facebook
Linked In
Menu

Subscribe To Get News & Updates



    Recent Posts

    • Smith Schnider Unites with Urban Pace to Form Leading New Home Sales, Leasing, and Advisory Services Firm in the Mid-Atlantic Region
      In Market News
      April 17, 2024
    • UrbanTurf: A First Look at 12 One-of-a-Kind Condominiums in Shaw
      In Market News
      September 21, 2023
    • Home & Design featuring The Collection at R Street
      In Market News, Smith | Schnider News
      July 13, 2023
    • Home
    • Latest News
    • Market Insights January 2016
    Market News Feb 10, 2016

    Market Insights January 2016

    The median list price in January is down slightly from December, largely consistent with the seasonal shift that favors buyers. At the same time, inventory continues to move down from its yearly peak, so buyers see fewer total choices but face less competition for the supply on the market. The median age of inventory is now 100 days, which is up 6 percent from December but still down 4 percent year-over-year.

    In Arlington County, VA, the median sold price for detached properties for January was $799,900, compared to the median sold price for Condo & Coop properties, which was $398,700. The median sold price for single-family homes in Arlington County, VA, increased 1.9% compared to last month and decreased 0% from Jan 2015. The median sold price for Condo & Coop properties increased 10.8% compared to last month and 6.3% from Jan 2015.

    In Fairfax County, VA, the median sold price for detached properties for January was $600,000, compared to the median sold price for Condo & Coop properties, which was $263,000. The median sold price for single-family homes in Fairfax County, VA, has decreased 0.8% compared to last month and no change from Jan 2015. The median sold price for Condo & Coop properties has increased 2.3% compared to last month and 1.9% from Jan 2015.

    In Washington D.C., the median sold price for Detached properties for January was $672,500, compared to the median sold price for Condo & Coop properties, which was $435,000. The median sold price for single-family homes in Washington D.C. decreased 3.9% compared to last month and increased of 12.3% from Jan 2015. The median sold price for Condo & Coop properties has not changed from last month and decreased 1.1% from Jan 2015.

    Consumer confidence which had increased in December, improved moderately in January. The Index now stands at 98.1, up from 96.3 in December. Consumers’ assessment of current conditions held steady, while their expectations for the next six months improved moderately. For now, consumers do not foresee the volatility in financial markets as having a negative impact on the economy.

    Source: Realtor.com, RBI, Consumer Conference Board

     

    Arlington, VA Office
    875 N Randolph St suite c,
    Arlington, VA 22203
    703.282.9266

    • Services
    • Projects
    • Contact
    FOLLOW US

    Get the latest news & insights


    © Copyright Smith Schnider 2025

    Prices, included features and availability are subject to change without notice. Site map

    DIGITAL ALCHEMY
    • Services
    • Projects
    • Contact
    • News
    • Careers
    Linked In
    • 888 North Quincy Street | Arlington, VA 22203
      703.935.1218