In the real estate industry timing is everything (aside from location, location, location of course). The evenflow of market trends relies on the basic principle of supply and demand. If supply is low and there aren't a lot of houses for sale then those few that are selling can demand a higher price for their home.
A normal or balanced inventory is 6 months of houses on the market. If there is more than six months it favors the buyers, who have more options. Less than six months favors the sellers, who will see more interest from buyers.
Right now there are around 635 houses for sale in Arlington County. In the last six months there have been 1,182 home sales. Therefore, Arlington County has only 3.2 months of inventory.
This means that it is a seller's market, and if you have been thinking about selling your house or moving now is the time and the market is just right for you to get a bigger offer on your home.
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