Alexandria December 2019 Home Sales:
• 264 homes went under contract in Alexandria. This is down 22.3% from the same time period in 2018.
• 48% of the homes went to settlement in December 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $561,719 (up 4.4% from the same time period in 2018 when it was $537,784).
• 213 homes came on the market. That’s up 1% from December 2018.
• Homes that sold (closed) averaged 24 days on market, 15 days faster than in December of 2018.
• There is a 0.6 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 270 Alexandria homes for sale (townhouse, condo and single family).
Additional Year-End Stats – 2018 vs 2019:
Average sold price increased by 3.7% ($529,409 vs $548,772)
Total units sold decreased by 4.4%
Average sales price to original list price ratio increased just slightly – 98% to 99%
OVERALL: Alexandria remains very much in a Sellers Market and the inventory continues to drop. The market slowed again in December (which is not unexpected during the holiday season)…we saw a 28% decrease in the number of homes that went under contract from last month and a 41% decrease in the number of new listings that came on the market.
In the $1 Million and above price point, the months supply of homes remained at 2.9 and under $1 Million is at 0.5. Both segments are in a Sellers Markets but the lower price range homes are still selling quite a bit faster. Inventory continues to fall and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Your Home Value
Alexandria November 2019 Home Sales:
• 365 homes went under contract in Alexandria. This is down 28.3% from the same time period in 2018.
• 54% of the homes went to settlement in November 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $547,879 (up 1.3% from the same time period in 2018 when it was $540,896)
• 359 homes came on the market. That’s up 0.3% from November 2018.
• Homes that sold (closed) averaged 20 days on market, 11 days faster than in November of 2018.
• There is a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 378 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains very much in a Sellers Market and the inventory continues to drop. We saw a 15% decrease in the number of homes that went under contract from last month, a 32% decrease in the number of new listings that came on the market and the months supply of homes is now under 1.
In the $1 Million and above price point, the months supply of homes is 2.9 (down from 3.8 last month) and under $1 Million is at .6. Both segments are in a Sellers Markets but the lower price range homes are still selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria October 2019 Home Sales:
• 430 homes went under contract in Alexandria. This is down 11% from the same time period in 2018.
• 63% of the homes went to settlement in October 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $567,054 (up 10% from the same time period in 2018 when it was $513,401)
• 525 homes came on the market. That’s down 10% from October 2018.
• Homes that sold (closed) averaged 17 days on market, 13 days faster than in October of 2018.
• There is a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 502 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains very much in a Sellers Market. Although fewer came on the market and went under contract than last month and the same time period last year.
In the $1 Million and above price point, the months supply of homes is 3.8 and under $1 Million is at .8. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria September 2019 Home Sales:
• 466 homes went under contract in Alexandria. This is up 2% from the same time period in 2018.
• 54% of the homes went to settlement in September 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $540,822 (up 1% from the same time period in 2018 when it was $535,614)
• 598 homes came on the market. That’s down 13.6% from September 2018.
• Homes that sold (closed) averaged 25 days on market, 29 days faster than in September of 2018.
• There is a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 493 Alexandria homes for sale (townhouse, condo and single-family).
OVERALL: Alexandria remains very much in a Sellers Market. More homes came on the market compared to last month but that number was down significantly from this time last year. And homes are selling faster (73%!) compared to September 2018.
In the $1 Million and above price point, the months supply of homes is 3.7 and under $1 Million is at .8. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria August 2019 Home Sales:
• 434 homes went under contract in Alexandria. This is down 2.7% from the same time period in 2018.
• 52% of the homes went to settlement in August 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $526,116 (up 2.5% from the same time period in 2018 when it was $513,364)
• 482 homes came on the market. That’s down 17.3% from August 2018.
• Homes that sold (closed) averaged 26 days on market, 25 days faster than in August of 2018.
• There is still just over a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 446 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains very much in a Sellers Market. Fewer home came on the market and went under contract compared to last month and this time last year and home are definitely selling faster than last year.
In the $1 Million and above price point, the months supply of homes is 3.6 and under $1 Million is at .9. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria July 2019 Home Sales:
• 516 homes went under contract in Alexandria. This is up 1.2% from the same time period in 2018.
• 48% of the homes went to settlement in July 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $558,889 (up 3.1% from the same time period in 2018 when it was $542,062)
• 542 homes came on the market. That’s down 9.5% from July 2018.
• Homes that sold (closed) averaged 26 days on market, 24 days faster than in July of 2018.
• There is still just over a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 457 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains very much in a Sellers Market. Overall stats are very similar to June.
In the $1 Million and above price point, the months supply of homes is 3.0 and under $1 Million is at .7. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria June 2019 Home Sales:
• 520 homes went under contract in Alexandria. This is down 10.65% from the same time period in 2018.
• 46% of the homes went to settlement in June 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $558,985 (up 1.28% from the same time period in 2018 when it was $551,914)
• 616 homes came on the market. That’s down 12.87% from June 2018.
• Homes that sold (closed) averaged 27 days on market, 17 days faster than in June of 2018.
• There is still just over a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 532 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains in a Sellers Market. Overall stats are very similar to May although the number of homes to hit the market did decrease by 17%.
In the $1 Million and above price point, the months supply of homes is 3.9 and under $1 Million is at .9. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria May 2019 Home Sales:
• 596 homes went under contract in Alexandria. This is down 7.17% from the same time period in 2018.
• 55% of the homes went to settlement in May 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $560,593 (up 4.18% from the same time period in 2018 when it was $538,121)
• 743 homes came on the market. That’s down 12.90% from May 2018.
• Homes that sold (closed) averaged 22 days on market, 24 days faster than in May of 2018.
• There is still just over a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 512 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains in a Sellers Market. Overall stats are very similar to April.
In the $1 Million and above price point, the months supply of homes is 4.7 and under $1 Million is at .8. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria April 2019 Home Sales:
• 643 homes went under contract in Alexandria. This is down 4.46% from the same time period in 2018.
• 52% of the homes went to settlement in April 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $560,416 (up 5.79% from the same time period in 2018 when it was $529,728)
• 724 homes came on the market. That’s down 19.73% from April 018.
• Homes that sold (closed) averaged 26 days on market, 18 days faster than in April of 2018.
• There is still just under a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 420 Alexandria homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains in a Sellers Market. In the $1 Million and above price point, the months supply of homes is 4.5 and under $1 Million is at .9. Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
Alexandria March 2019 Home Sales:
• 579 homes went under contract in Alexandria. This is down 6.3% from the same time period in 2018.
• 45% of the homes went to settlement in March 2019, sold in 10 days or less from when they hit the market.
• Average sold price was $538,207 (down slightly from last month but up 5.9% from the same time period in 2018 when it was $508,340)
• 662 homes came on the market. That’s down 14% from March 018.
• Homes that sold (closed) averaged 34 days on market, down from last month & 19 days faster than in March of 2018.
• There is still just under a 1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 396 Arlington homes for sale (townhouse, condo and single family).
OVERALL: Alexandria remains in a Sellers Market.
In the $1 Million and above price point, the months supply of homes is 4.6 and under $1 Million is at .9 (both up slightly from last month). Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.
