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The End of Arlington County’s Windfall Profits Approaching?

A report in this week’s Arlington Sun-Gazette reports that home sales for April “declined 7.2 percent compared to a year before, and the average sales price dipped a bit, too.” For the first four months of the year, there were 420 sales compared to 424 sales a year ago. The average sales price dropped from $736,291 to $729,752.

While many have been anticipating this break in real estate, it’s likely the end of the windfall the county has been receiving the last several years from skyrocketing assessments. Of course, Arlington County government’s appetite for more of our taxes never slows down.