Amazon choosing Arlington for its HQ2 campus was widely expected to increase area housing prices, but a sharp drop in available supply has exacerbated the price spike.
The median listing price for Arlington County houses increased from $640K in November to $750K in April, according to a report released Thursday by Realtor.com.
The increase of $110K, or 17.3%, comes during a period when national median list prices increased by $17K, or 5.5%, the report found.
The rise in housing prices associated with a surge in demand for the area following the HQ2 announcement has been compounded by a scarce supply of homes on the market. The report found Arlington’s inventory of houses for sale in April totaled less than 400 listings, down 48.2% from November.
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