Alexandria December 2022 Home Sales:

• 218 homes went under contract in Alexandria. This is down 37% from the same time period in 2021.

• 34% of the homes went to settlement in December 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $579,055 (down 2.6% from the same time period in 2021 when it was $594,348).

• 209 homes came on the market. That’s down 22% from the number in December 2021.

• Homes that sold (closed) averaged 30 days on market, 3 days slower than in December of 2021.

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

Additional Year-End Stats – 2022 vs 2021:

Average sold price increased by 2.3% ($655,455 vs $640,390)

Total units sold decreased by 21%

Average sales price to original list price ratio increased slightly – 100.4% vs 100.2%

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month but was up 54% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down from this time last year.  Average sold price was down from November and compared to the end of December last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.9 and 0.8 respectively.  Both segments are in Seller’s Markets.  

Alexandria November 2022 Home Sales:

• 259 homes went under contract in Alexandria. This is down 47% from the same time period in 2021.

• 32% of the homes went to settlement in November 2022, sold in 10 days or less from when they hit the market.d

• Average sold price was $609,525 (down 7.5% from the same time period in 2021 when it was $659,189).

• 281 homes came on the market. That’s down 27% from the number in November 2021.

• Homes that sold (closed) averaged 25 days on market, 3 days slower than in November of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month and was down 13% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from October and compared to November last year.

Alexandria October 2022 Home Sales:

• 310 homes went under contract in Alexandria. This is down 45% from the same time period in 2021.

• 47% of the homes went to settlement in October 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $733,299 (up 2.9% from the same time period in 2021 when it was $712,737).

• 405 homes came on the market. That’s down 34% from the number in October 2021.

• Homes that sold (closed) averaged 23 days on market, 1 day slower than in October of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month and was down 13% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from September and compared to October last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.6 and 1.1 respectively.  Both segments are in Seller’s Markets.  

Alexandria September 2022 Home Sales:

• 326 homes went under contract in Alexandria. This is down 39% from the same time period in 2021.

• 42% of the homes went to settlement in September 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $590,604 (down 1.6% from the same time period in 2021 when it was $600,407).

• 539 homes came on the market. That’s down 28% from the number in September 2021.

• Homes that sold (closed) averaged 24 days on market, 4 days slower than in September of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased from the prior month but was down 16% year-over-year.  The number of homes going under contract decreased slightly but the number of new homes coming on the market increased…however both of these numbers continue to be down significantly from this time last year.  Average sold price was down from August as well as compared to September last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.5 and 1.1 respectively.  Both segments are in Seller’s Markets.  

Additional Quarter-End Stats – 2022 vs 2021

Average sold price decreased by 2.2% ($616,247vs $630,028)

Total units sold decreased by 26%

Average sales price to original list price ratio decreased – 98.6% vs 99.7%

Alexandria August 2022 Home Sales:

• 372 homes went under contract in Alexandria. This is down 31% from the same time period in 2021.

• 44% of the homes went to settlement in August 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $634,347 (up 1.6% from the same time period in 2021 when it was $624,454).

• 422 homes came on the market. That’s down 31% from the number in August 2021.

• Homes that sold (closed) averaged 18 days on market, equal to August of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month and was down 24% year-over-year.  The number of homes going under contract and new homes coming on the market decreased as well…and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from July as well as compared to August last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.2 and 0.9 respectively.  Both segments are in Seller’s Markets.  

Alexandria July 2022 Home Sales:

• 434 homes went under contract in Alexandria. This is down 21% from the same time period in 2021.

• 57% of the homes went to settlement in July 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $609,458 (down 7% from the same time period in 2021 when it was $655,090).

• 556 homes came on the market. That’s down 17% from the number in July 2021.

• Homes that sold (closed) averaged 15 days on market, 1 day slower than in July of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased slightly from last month but was down 14% year-over-year.  The number of homes going under contract and new homes coming on the market decreased…and both of these numbers continue to be down from this time last year.  Average sold price was down from June as well as compared to July last year.

Alexandria June 2022 Home Sales:

• 515 homes went under contract in Alexandria. This is down 19% from the same time period in 2021.

• 68% of the homes went to settlement in June 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $675,956 (up 2% from the same time period in 2021 when it was $662,699).

• 713 homes came on the market. That’s down 20% from the number in June 2021.

• Homes that sold (closed) averaged 12 days on market, 1 day faster than in June of 2021.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased again from last month but was down 18% year-over-year.  The number of homes going under contract was down from last month as well as the number of new homes coming on the market…both of these numbers continue to be down from this time last year.  Average sold price was down from May but was up slightly compared to this month & quarter in 2021. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.1 and 0.9 respectively.  Both segments are in Seller’s Markets.  

Additional Quarter-End Stats – 2021 vs 2022:

Average sold price increased by 3.5% ($660,677 vs $683,950)

Total units sold decreased by 11%

Average sales price to original list price ratio increased just slightly – 101.9% vs 102.4%

Alexandria May 2022 Home Sales:

• 643 homes went under contract in Alexandria. This is down 7% from the same time period in 2021.

• 79% of the homes went to settlement in May 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $694,051 (up 3% from the same time period in 2021 when it was $673,281).

• 751 homes came on the market. That’s down 3% from the number in May 2021.

• Homes that sold (closed) averaged 9 days on market, 3 days faster than in May of 2021.

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

OVERALL: Alexandria remained a Seller’s Market. Active listings increased from the prior month but were down 18% year-over-year.  The number of homes going under contract was up slightly from last month but the number of new homes coming on the market was down…both of these numbers were down from this time last year.  Average sold price was down slightly from March but up 4% from April 2021. 

Alexandria April 2022 Home Sales:

• 604 homes went under contract in Alexandria. This is down 12% from the same time period in 2021.

• 83% of the homes went to settlement in April 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $680,034 (up 4% from the same time period in 2021 when it was $651,035).

• 780 homes came on the market. That’s down 15% from the number in April 2021.

• Homes that sold (closed) averaged 7 days on market, 7 days faster than in April of 2021.

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

OVERALL: Alexandria remained a Seller’s Market. Active listings increased from the prior month but were down 18% year-over-year.  Average sold price was down slightly from March but up 4% from April 2021. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.3 and 0.9 respectively.  Both segments are in 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 March 2022 Home Sales:

• 622 homes went under contract in Alexandria. This is down 9% from the same time period in 2021.

• 75% of the homes went to settlement in March 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $690,495 (up 12% from the same time period in 2021 when it was $618,406).

• 744 homes came on the market. That’s up 0.5% from the number in March 2021.

• Homes that sold (closed) averaged 13 days on market, 7 days faster than in March of 2021.

• There is a 0.5 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 273 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remained a Seller’s Market. Inventory increased 33% from last month (but continues to be historically low) and sold prices continued to rise. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 0.9 and 0.5 respectively.  Both segments are in aggressive 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 February 2022 Home Sales:

• 486 homes went under contract in Alexandria. This is up 2% from the same time period in 2021.

• 79% of the homes went to settlement in February 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $632,842 (up 9% from the same time period in 2021 when it was $581,207).

• 527 homes came on the market. That’s up 5% from the number in February 2021.

• Homes that sold (closed) averaged 22 days on market, 4 days faster than in February of 2021.

• There is a 0.4 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 205 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remained a Seller’s Market. Inventory increased slightly from last month but remained a big issue.  Average sold price was up from the previous month (as well as year-over-year).

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 0.9 and 0.5 respectively.  Both segments are in aggressive 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 January 2022 Home Sales:

• 393 homes went under contract in Alexandria. This is down 12% from the same time period in 2021.

• 38% of the homes went to settlement in January 2022, sold in 10 days or less from when they hit the market.

• Average sold price was $584,219 (down 3% from the same time period in 2021 when it was $599,929).

• 392 homes came on the market. That’s down 16% from the number in January 2021.

• Homes that sold (closed) averaged 33 days on market, 9 days slower than in January of 2021.

• There is a 0.3 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 187 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remained a Seller’s Market.  Lots more of the same from 2021…very LOW inventory in the area remained an issue and average home prices continued to rise.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.0 and 0.4 respectively.  Both segments are in aggressive 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”.