Arlington home values stabilize near record high

ARLINGTON – The Arlington home market continues defy nation trends, according to Prudential Texas Properties.

The median list price for Arlington homes reached an all-time market high achieved in August at $178,000. The median list price on Arlington homes was at $174,700 for the week of September 23rd.

With over 375,000 residents, the U.S. Census Bureau defined Arlington as the 50th largest U.S. city. In a similar price bracket, Minneapolis (47th largest) is currently down about $10,000, or 5 percent, on its median list price from its 2013 peak.

Miami (44th largest) is down about $55,000, or 15 percent from its 2013 peak. Oakland (45th largest) is down about $130,000, or 27 percent from its peak.

As for the Arlington home market, inventory has been relatively stable all year. The 890 properties listed in the September Altos report is up from market lows of around 750 at a few points throughout the year, but is also almost identical to where inventory rates were when 2013 began.

The 88 days on market average is not that far off of Arlington’s 2013 low, and is less than double what Arlington homes were experiencing at the beginning of 2013.