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Arlington County home prices dip

Home prices dipped in April in Arlington County - Northern Virginia's most expensive housing market. (AP File Photo/Wilfredo Lee, File)

WASHINGTON – Arlington County remains Northern Virginia’s most expensive housing market, but prices fell last month.

Long & Foster Real Estate Inc. said that based on 261 closed sales in April, the median price of homes in Arlington County was a hefty $587,470.

The figures are based on total sales in Northern Virginia as reported by the Metropolitan Regional Information System and reflects more than the sales handled by Long & Foster.

Arlington’s median home value was more than $100,000 higher than the next-most expensive Northern Virginia jurisdiction: Alexandria.

But Arlington County’s median price last month was down 6 percent from a year ago. And it was the only Northern Virginia community to see median prices fall.

Sellers in Arlington are still getting what they’re asking, with closed sales averaging 99.2 percent of the listed price.

Despite the dip in prices, the number of closed sales in Arlington County was up 5 percent from a year ago.

Here is how the Northern Virginia housing market performed in April.

ArlingtonCohomeprices_April2016

 

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