Top Mega Teams in Arlington, Texas – Ranked by Volume

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    2022 Market Summary

    Arlington, Texas started 2022 with a total of 114 single-family homes on the market, with a median home price of $349,900 and an average price per square foot of $180. By the end of the year, inventory had increased to 397 homes on the market (+248%), with a median home price of $365,000 (+4%) and an average price per square foot of $183 (+1%).

    At the start of 2022, the median days on market (DOM) was 21 days – by the end of the year, median DOM had increased to 49 days.
    Arlington started the year with 19% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 53% of Arlington homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Arlington started 2022 as a strong seller’s market, with an MAI score of 92; by the end of the year, the MAI had dropped to 42 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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    Housing Market News

    As rising mortgage rates push buyers to the brink, sellers are starting to cut prices HW+

    Sep 29, 2023By

    In some markets, more than 50% of active listings have had a price cut as mortgage rates rise ever closer to the 8% mark.

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