Alexandria December 2020 Home Sales:

• 424 homes went under contract in Alexandria. This is up 61% from the same time period in 2019.

• 51% of the homes went to settlement in December 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $647,228 (up 15% from the same time period in 2019 when it was $561,719).

• 384 homes came on the market. That’s up 80% from the number in December 2019.

• Homes that sold (closed) averaged 21 days on market, 3 days faster than in December 2019.

• There is a 0.9 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 415 Alexandria homes for sale (townhouse, condo and single-family).

Additional Year End Stats – 2019 vs 2020:

Average sold price increased by 11.4% ($548,772 vs $611,359)

Total units sold increased by 4.6%

Average sales price to original list price ratio increased just slightly – 99.6% vs 100%

OVERALL: Alexandria remains very much in an aggressive Sellers Market. We saw activity in this market slow over the month, expected given the holiday season (although many numbers are still up from this time period last year), and low inventory remained to be an issue in Alexandria. 

In the $1 Million and above price point, the months supply of homes is at 1.2 and under $1 Million is at 0.7.  Both segments are in a Seller’s Markets but the lower price range homes are still selling a bit faster. 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 November 2020 Home Sales:

• 494 homes went under contract in Alexandria. This is up 35% from the same time period in 2019.

• 55% of the homes went to settlement in November 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $621,423 (up 13% from the same time period in 2019 when it was $547,879).

• 503 homes came on the market. That’s up 40% from the number in November 2019.

• Homes that sold (closed) averaged 18 days on market, 2 days faster than in November 2019.

• There is a 1.2 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 547 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market. This market did not have any significant changes from October but activity is still up year-over-year.  Inventory did increase during November which is good news for some buyers.

In the $1 Million and above price point, the months supply of homes is at 1.7 and under $1 Million is at 0.8.  Both segments are in a Seller’s Markets but the lower price range homes are still selling faster. 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 2020 Home Sales:

• 465 homes went under contract in Alexandria. This is up 8% from the same time period in 2019.

• 63% of the homes went to settlement in October 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $618,692 (up 9% from the same time period in 2019 when it was $567,054).

• 527 homes came on the market. That’s up less than half a percent from the number in October 2019.

• Homes that sold (closed) averaged 16 days on market, 1 day faster than in October 2019.

• 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 371 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market. This market slowed in October and experienced a significant decrease in the number of homes coming on the market from last month.  Inventory of homes remains an issue with the number decreasing 28% from last month.

In the $1 Million and above price point, the months supply of homes is at 2.3 and under $1 Million is at 1.0.  Both segments are in a Seller’s Markets but the lower price range homes are selling quite a bit faster. 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 2020 Home Sales:

• 578 homes went under contract in Alexandria. This is up 24% from the same time period in 2019.

• 64% of the homes went to settlement in September 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $618,435 (up 14% from the same time period in 2019 when it was $540,822).

• 743 homes came on the market. That’s up 24% from the number in September 2019.

• Homes that sold (closed) averaged 16 days on market, 9 day faster than in September 2019.

• There is a 1.2 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 514 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  Although the number of homes that went under contract in September was down from last month, that and the other stats noted are still up year-over-year.  Inventory in Alexandria saw a significant increase during the month (as well as year-over-year)…increasing by 16%.

In the $1 Million and above price point, the months supply of homes is at 2.5 and under $1 Million is at 1.0.  Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. 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 2020 Home Sales:

• 594 homes went under contract in Alexandria. This is up 37% from the same time period in 2019.

• 68% of the homes went to settlement in August 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $622,942 (up 18% from the same time period in 2019 when it was $526,116).

• 638 homes came on the market. That’s up 32% from the number in August 2019.

• Homes that sold (closed) averaged 14 days on market, 4 day faster than in August 2019.

• There is a 1.0 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 433 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  The August numbers in this market were similar to July (although the number of home that came on the market decreased driving down overall inventory) but the number of homes that went under contract and came on the market is still 30%+ higher than this time last year.

In the $1 Million and above price point, the months supply of homes is at 2.9 and under $1 Million is at 0.8.  Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. 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 2020 Home Sales:

• 580 homes went under contract in Alexandria. This is up 12% from the same time period in 2019.

• 66% of the homes went to settlement in July 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $637,503 (up 14% from the same time period in 2019 when it was $558,889).

• 707 homes came on the market. That’s up 30% to the number in July 2019.

• Homes that sold (closed) averaged 16 days on market, 1 day slower than in July 2019.

• 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 452 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  There was not a big change in activity compared to June but the number of homes that came on the market increased significantly from July of 2019. 

In the $1 Million and above price point, the months supply of homes is at 3.1 and under $1 Million remains at 0.7.  Both segments are in a Sellers Markets but the lower price range homes are selling quite a bit faster. 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 2020 Home Sales:

• 581 homes went under contract in Alexandria. This is up 11.7% from the same time period in 2019.

• 62% of the homes went to settlement in June 2020, sold in 10 days or less from when they hit the market.

• Average sold price was $576,483 (up 3.1% from the same time period in 2019 when it was $558,985).

• 630 homes came on the market. That’s up 2.3% to the number in June 2019.

• Homes that sold (closed) averaged 15 days on market, the same as in June 2019.

• There is a 0.9 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 391 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  This market improved in June and is even stronger in regards to the number of homes coming on the market and going under contract than the same time period last year.  Inventory continues to remain low.

Alexandria May 2020 Home Sales:

• 497 homes went under contract in Alexandria. This is down 16.6% from the same time period in 2019.

• 61% of the homes went to settlement in May 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $567,185 (up 1.2% from the same time period in 2019 when it was $560,593).

• 519 homes came on the market. That’s down 30.2% to the number in May 2019.

• Homes that sold (closed) averaged 15 days on market, 2 days slower than in May 2019.

• There is a 0.9 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 375 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  This area saw in increase in the number of homes that went under contract and that came on the market from last month.  However, these numbers are still down year-over-year.…expected given the current Coronavirus environment. 

In the $1 Million and above price point, the months supply of homes is at 4.2 and under $1 Million remains at 0.8.  Both segments are in a Sellers Markets, although the higher price point is moving toward a more balanced market) but the lower price range homes are still faster. 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 2020 Home Sales:

• 404 homes went under contract in Alexandria. This is down 37.2% from the same time period in 2019.

• 77% of the homes went to settlement in April 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $604,084 (up 7.8% from the same time period in 2019 when it was $560,416).

• 464 homes came on the market. That’s down 35.9% to the number in April 2019.

• Homes that sold (closed) averaged 12 days on market, 3 days faster than in April 2019.

• There is a 0.9 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 404 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  As with last month, the number of homes that went under contract and that came on the market decreased and are down significantly year-over-year.…expected given the current Coronavirus environment.  However, the homes that are listed are selling quickly (see Average Days on Market above).

In the $1 Million and above price point, the months supply of homes is at 4.1 (this is up from 3.0 last month) and under $1 Million is at 0.8.  Both segments are in a Sellers Markets, although the higher price point is moving toward a more balanced market) but the lower price range homes are still faster. 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 2020 Home Sales:

• 495 homes went under contract in Alexandria. This is down 14% from the same time period in 2019.

• 71% of the homes went to settlement in March 2020, sold in 10 days or less from when they hit the market. 

• Average sold price was $585,998 (up 9% from the same time period in 2019 when it was $538,207).

• 662 homes came on the market. That’s equal to the number in March 2019.

• Homes that sold (closed) averaged 16 days on market, 6 days faster than in March 2019.

• There is a 0.9 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 394 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  As expected given the current Coronavirus pandemic, the number of homes that went under contract was down 14% from the same time period last year. 

In the $1 Million and above price point, the months supply of homes is at 3.0 and under $1 Million is at 0.9.  Both segments are in a Sellers Markets but the lower price range homes are still faster. 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 February 2020 Home Sales:

• 452 homes went under contract in Alexandria. This is up 5.9% from the same time period in 2019.

• 70% of the homes went to settlement in February 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $564,098 (up 4% from the same time period in 2019 when it was $542,349).

• 524 homes came on the market. That’s up 12% from February 2019.

• Homes that sold (closed) averaged 18 days on market, 14 days faster than in February 2019.

• There is a 0.7 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 307 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remains very much in an aggressive Sellers Market.  Activity increased again in February with the number of homes that came on the market and the number of homes that went under contract increasing.  And homes are selling fast…70% sold in 10 days or less from when they went on the market!

In the $1 Million and above price point, the months supply of homes is at 3.6 and under $1 Million is at 0.6.  Both segments are in a Sellers Markets but the lower price range homes are still faster. 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 January 2020 Home Sales:

• 362 homes went under contract in Alexandria. This is up 3.4% from the same time period in 2019.

• 45% of the homes went to settlement in January 2020, sold in 10 days or less from when they hit the market.  

• Average sold price was $539,438 (up 7.6% from the same time period in 2019 when it was $501,504).

• 424 homes came on the market. That’s up 4% from January 2019.

• Homes that sold (closed) averaged 30 days on market, 9 days faster than in January 2019.

• 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 287 Alexandria homes for sale (townhouse, condo and single family).

OVERALL: Alexandria remains very much in a Sellers Market.  Activity in this market increased in January with the number of homes that came on the market and the number of homes that went under contract increasing (these numbers are also up from the same time period last year). 

In the $1 Million and above price point, the months supply of homes is at 3.7 (up from 2.9 last month) 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. 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”.