Top Real Estate Agents in Arlington, Texas
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2023 Arlington, Texas Housing Market Summary
Arlington, Texas started 2023 with a total of 388 single-family homes on the market, with a median home price of $361,000 and an average price per square foot of $185. By the end of the year, inventory had increased to 489 homes on the market (+26%), with a median home price of $355,000 (-1%) and an average price per square foot of $190 (+2%).
At the start of 2023, the median days on market (DOM) was 49 days – by the end of the year, median DOM had remained the same at 49 days.
Arlington started the year with 47% 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 48% of Arlington homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Arlington started 2023 as a seller’s market, with an MAI score of 44; 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.
Housing Market News
Housing inventory falls as mortgage rates drop
Sep 01, 2024Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory […]
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Eight states now have more unsold inventory than in 2019. Here’s why.
Aug 30, 2024 -
Housing demand rises as inventory falls
Jan 28, 2024 -
Pending home sales surged in December: NAR
Jan 26, 2024 -
2023 New home sales helped the economy avoid a recession
Jan 25, 2024 -
Another homeowners’ insurance carrier leaves California
Jan 25, 2024
Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.