Alexandria December 2023 Home Sales:

• 242 homes went under contract in Alexandria. This is up 11% from the same time period in 2022.

• 44% of the homes went to settlement in December 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $686,739 (up 19% from the same time period in 2022 when it was $579,055).

• 155 homes came on the market. That’s down 26% from the number in December 2022.

• Homes that sold (closed) averaged 25 days on market, 5 days faster than December 2022.

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

Additional Year-End Stats – 2023 vs 2022:

Average sold price increased by 4% ($681,762 vs $655,455)

Total units sold decreased by 19%

Average sales price to original list price ratio decreased – 99.9% vs 100.4%

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month and was down 42% year-over-year.   The number of homes going under contract and the number coming on the market decreased from last month.  Average sold price was up from November and compared to the same time last year.

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 Seller’s Markets.  

Alexandria November 2023 Home Sales:

• 255 homes went under contract in Alexandria. This is down 2% from the same time period in 2022.

• 50% of the homes went to settlement in November 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $642,688 (up 5% from the same time period in 2022 when it was $609,525).

• 196 homes came on the market. That’s down 30% from the number in November 2022.

• Homes that sold (closed) averaged 22 days on market, 3 days faster than November 2022.

• 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 317 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 30% year-over-year.   The number of homes going under contract and the number coming on the market decreased from last month and were down from November last year.  Average sold price was down from October but up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.1 and 0.7 respectively.  Both segments are in Seller’s Markets.  

Alexandria October 2023 Home Sales:

• 307 homes went under contract in Alexandria. This is down 1% from the same time period in 2022.

• 54% of the homes went to settlement in October 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $687,512 (down 6% from the same time period in 2022 when it was $733,299).

• 326 homes came on the market. That’s down 20% from the number in October 2022.

• Homes that sold (closed) averaged 16 days on market, 7 days faster than October 2022.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased just slightly from the prior month but was down 24% year-over-year.   The number of homes going under contract and the number coming on the market decreased from last month.  Average sold price was up from September but down compared to the same time last year.

Alexandria September/Q3 2023 Home Sales:

• 347 homes went under contract in Alexandria. This is up 6% from the same time period in 2022.

• 51% of the homes went to settlement in September 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $660,658 (up 12% from the same time period in 2022 when it was $590,604).

• 365 homes came on the market. That’s down 32% from the number in September 2022.

• Homes that sold (closed) averaged 19 days on market, 5 days faster than September 2022.

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

Additional 3rd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 9.4% ($674,257 vs $616,247)

Total units sold decreased by 14%

Average sales price to original list price ratio increased – 100.1% vs 98.6%

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased from the prior month but was down 30% year-over-year.   The number of homes going under contract and the number coming on the market increased slightly from last month.  Average sold price was down from August but up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.4 and 0.8 respectively.  Both segments are in Seller’s Markets.  

Alexandria August 2023 Home Sales:

• 339 homes went under contract in Alexandria. This is down 9% from the same time period in 2022.

• 61% of the homes went to settlement in August 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $694,714 (up 9.5% from the same time period in 2022 when it was $634,347).

• 348 homes came on the market. That’s down 18% from the number in August 2022.

• Homes that sold (closed) averaged 15 days on market, 3 days faster than August 2022.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased slightly from the prior month but was down 23% year-over-year.   The number of homes going under contract and the number coming on the market decreased from last month.  And both of these numbers continue to be down from this time last year.  Average sold price was up from July and up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.2 and 0.8 respectively.  Both segments are in Seller’s Markets.  

Alexandria July 2023 Home Sales:

• 407 homes went under contract in Alexandria. This is down 6% from the same time period in 2022.

• 68% of the homes went to settlement in July 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $665,483 (up 9.2% from the same time period in 2022 when it was $609,458).

• 389 homes came on the market. That’s down 30% from the number in July 2022.

• Homes that sold (closed) averaged 15 days on market, unchanged from July 2022.

• 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 342 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 33% year-over-year.   The number of homes going under contract was basically unchanged and the number coming on the market decreased.  Both of these numbers continue to be down from this time last year.  Average sold price was down from June but up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.2 and 0.7 respectively.  Both segments are in Seller’s Markets.  

Alexandria June/Q2 2023 Home Sales:

• 403 homes went under contract in Alexandria. This is down 22% from the same time period in 2022.

• 76% of the homes went to settlement in June 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $706,277 (up 4.5% from the same time period in 2022 when it was $675,956).

• 426 homes came on the market. That’s down 40% from the number in June 2022.

• Homes that sold (closed) averaged 12 days on market, unchanged from June 2022.

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

Additional 2nd Quarter-End Stats – 2023 vs 2022:

Average sold price increased by 2.7% ($702,411 vs $683,950)

Total units sold decreased by 24%

Average sales price to original list price ratio decreased – 101.3% vs 102.4%

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased from the prior month but was down 26% year-over-year.   The number of homes going under contract and coming on the market decreased, and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from May and compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.4 and 0.6 respectively.  Both segments are in Seller’s Markets.  

Alexandria May 2023 Home Sales:

• 487 homes went under contract in Alexandria. This is down 24% from the same time period in 2022.

• 73% of the homes went to settlement in May 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $693,959 (down 0.01% from the same time period in 2022 when it was $694,051).

• 460 homes came on the market. That’s down 39% from the number in May 2022.

• Homes that sold (closed) averaged 14 days on market, 5 days slower than in May 2022.

• 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 325 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 24% year-over-year.   The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down significantly from this time last year.  Average sold price was down from April and up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.7 and 0.7 respectively.  Both segments are in Seller’s Markets.  

Alexandria April 2023 Home Sales:

• 453 homes went under contract in Alexandria. This is down 25% from the same time period in 2022.

• 69% of the homes went to settlement in April 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $712,699 (up 4.8% from the same time period in 2022 when it was $680,034).

• 389 homes came on the market. That’s down 50% from the number in April 2022.

• Homes that sold (closed) averaged 17 days on market, 10 days slower than in April 2022.

• 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 294 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 coming on the market increased and decreased respectively.  Both of these numbers continue to be down significantly from this time last year.  Average sold price was up from March and up compared to the same time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.6 and 0.7 respectively.  Both segments are in Seller’s Markets.  

Alexandria March/Q1 2023 Home Sales:

• 405 homes went under contract in Alexandria. This is down 35% from the same time period in 2022.

• 60% of the homes went to settlement in March 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $673,819 (down 2.4% from the same time period in 2022 when it was $690,495).

• 417 homes came on the market. That’s down 44% from the number in March 2022.

• Homes that sold (closed) averaged 25 days on market, 12 days slower than in March 2022.

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

Additional 1st Quarter-End Stats – 2022 vs 2023:

Average sold price increased by 1.3% ($650,313 vs $658,480)

Total units sold decreased by 30%

Average sales price to original list price ratio decreased – 101.2% vs 98.6%

OVERALL: Alexandria remained a Seller’s Market.  Inventory increased slightly from the prior month and was up 17% year-over-year.   The number of homes going under contract and coming on the market also increased, but both of these numbers continue to be down significantly from this time last year.  Average sold price was up from February and up compared to the end of the first quarter last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.9 and 0.6 respectively.  Both segments are in Seller’s Markets.  

Alexandria February 2023 Home Sales:

• 334 homes went under contract in Alexandria. This is down 31% from the same time period in 2022.

• 47% of the homes went to settlement in February 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $657,225 (up 3.8% from the same time period in 2022 when it was $632,842).

• 324 homes came on the market. That’s down 39% from the number in February 2022.

• Homes that sold (closed) averaged 31 days on market, 9 days slower than in February 2022.

• 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 remained a Seller’s Market.  Inventory increased from the prior month and was up 50% year-over-year.  The number of homes going under contract and coming on the market increased, but both of these numbers continue to be down from this time last year.  Average sold price was down from January but up compared to the end of February last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 2.4 and 0.8 respectively.  Both segments are in Seller’s Markets.  

Alexandria January 2023 Home Sales:

• 156 homes went under contract in Alexandria. This is down 18% from the same time period in 2022.

• 29% of the homes went to settlement in January 2023, sold in 10 days or less from when they hit the market.

• Average sold price was $675,205 (up 12% from the same time period in 2022 when it was $602,585).

• 179 homes came on the market. That’s down 7% from the number in January 2022.

• Homes that sold (closed) averaged 39 days on market, 1 day slower than in January 2022.

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

OVERALL: Alexandria remained a Seller’s Market.  Inventory decreased from the prior month but was up 30% 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 December but up compared to the end of January last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 2.4 and 0.7 respectively.  Both segments are in Seller’s Markets.