Alexandria July 2021 Home Sales:

• 551 homes went under contract in Alexandria. This is down 5% from the same time period in 2020.

• 62% of the homes went to settlement in July 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $655,090 (up 3% from the same time period in 2020 when it was $637,503).

• 673 homes came on the market. That’s down 5% from the number in July 2020.

• Homes that sold (closed) averaged 14 days on market, 2 days faster than in July of 2020.

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

OVERALL: Alexandria remained a Seller’s Market.  We saw a bit of a slowing of the market in this area during July as well as year-over-year.  That said, the average sold price continued to increase from the same time period last year. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.1.  Both segments are in a Seller’s Market.  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 2021 Home Sales:

• 639 homes went under contract in Alexandria. This is up 10% from the same time period in 2020.

• 67% of the homes went to settlement in June 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $662,699 (up 15% from the same time period in 2020 when it was $576,483).

• 892 homes came on the market. That’s up 42% from the number in June 2020.

• Homes that sold (closed) averaged 13 days on market, 2 days faster than in June of 2020.

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

OVERALL: Alexandria remained a Seller’s Market.  As with last month, we didn’t see a significant change in the monthly numbers from May to June, and while most of the numbers are up from June of 2020, some of the percentage increases were smaller from the year-over-year changes we saw in May.  Inventory rose slightly during June.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.1.  Both segments are in a Seller’s Market.  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 2021 Home Sales:

• 694 homes went under contract in Alexandria. This is up 40% from the same time period in 2020.

• 73% of the homes went to settlement in May 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $673,281 (up 19% from the same time period in 2020 when it was $567,185).

• 772 homes came on the market. That’s up 49% from the number in May 2020.

• Homes that sold (closed) averaged 12 days on market, 3 days faster than in May of 2020.

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

OVERALL: Alexandria remained a Seller’s Market.  We didn’t see a significant change in the numbers from April to May in Alexandria, but activity and average sold price were up double digits compared to this time last year (again, expected due to the pandemic).  And...low inventory remained an issue.

In the $1 Million and above price point, the months supply of homes is at 1.5 and under $1 Million is at 1.1.  Both segments are in a Seller’s Markets.  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 2021 Home Sales:

• 690 homes went under contract in Alexandria. This is up 71% from the same time period in 2020.

• 78% of the homes went to settlement in April 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $651,035 (up 8% from the same time period in 2020 when it was $604,087).

• 914 homes came on the market. That’s up 97% from the number in April 2020.

• Homes that sold (closed) averaged 14 days on market, 2 days slower than in April of 2020.

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

OVERALL: Alexandria remained a Seller’s Market.  The number of homes that came on the market and went under contract were up significantly year-over-year (not surprising given the pandemic situation) and the average sold price continued to increase.  Inventory increased slightly in April from 0.7 month supply to 0.9 months, but continues to be a challenge for buyers.  

Alexandria March 2021 Home Sales:

• 680 homes went under contract in Alexandria. This is up 37% from the same time period in 2020.

• 65% of the homes went to settlement in March 2021, sold in 10 days or less from when they hit the market.

• Average sold price was $618,406 (up 6% from the same time period in 2020 when it was $585,998).

• 740 homes came on the market. That’s up 12% from the number in March 2020.

• Homes that sold (closed) averaged 20 days on market, 4 days slower than in March of 2020.

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

OVERALL: Alexandria remained a Seller’s Market. The number of homes that came on the market and went under contract were up from February (and year-over-year), as well as total inventory.  However, low inventory remained a big challenge for buyers and homes were selling quickly.  The average sales price increased from February and was up 6% year-over-year.

In the $1 Million and above price point, the months supply of homes is at 1.4 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 February 2021 Home Sales:

• 477 homes went under contract in Alexandria. This is up 6% from the same time period in 2020.

• 51% of the homes went to settlement in February 2021, sold in 10 days or less from when they hit the market. 

• Average sold price was $581,207 (up 3% from the same time period in 2020 when it was $564,098).

• 502 homes came on the market. That’s down 4% from the number in February 2020.

• Homes that sold (closed) averaged 26 days on market, 8 days slower than in February of 2020.

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

OVERALL: Alexandria remains a Seller’s Market. Market activity in this area was up from January but new listings were down from same period in 2020.  Average sold prices were up from February of last year.  Low inventory remains to be an issue. 

In the $1 Million and above price point, the months supply of homes is at 1.4 and under $1 Million is at 0.6.  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 January 2021 Home Sales:

• 446 homes went under contract in Alexandria. This is up 23% from the same time period in 2020.

• 48% of the homes went to settlement in January 2021, sold in 10 days or less from when they hit the market. 

• Average sold price was $599,929 (up 11% from the same time period in 2020 when it was $539,438).

• 466 homes came on the market. That’s up 10% from the number in January 2020.

• Homes that sold (closed) averaged 24 days on market, 6 days faster than in January of 2020.

• 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. Market activity in this area was up slightly from December and continues to be up from the same period in 2020.  Average sold prices were down from December but up from January of 2020.  Low inventory remains to be an issue. 

In the $1 Million and above price point, the months supply of homes is at 1.5 and under $1 Million is at 0.6.  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”.