"S&P/Case-Shiller home-price data moved lower in November on both a monthly and annual basis.
The composite 20-city home price index, a key gauge of U.S. home prices, dropped 1.3% from October and fell 3.7% from a year earlier. Nineteen cities posted monthly declines, with just Phoenix showing an increase. Atlanta, Las Vegas, Seattle and Tampa posted new index level lows.
Eighteen of the 20 cities posted annual declines in November, with just Detroit and Washington D.C. notching gains. . . ."
In effect, the number of properties available in Arlington have reached a serious low, so the inventory is much more like a sellers' market than a buyers' market.
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