Alexandria October 2024 Home Sales:

• 320 homes went under contract in Alexandria. This is up 4% from the same time period in 2023.

• 49% of the homes went to settlement in October 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $720,795 (up 5% from the same time period in 2023 when it was $687,512).

• 303 homes came on the market. That’s down 7% from the number in October 2023.

• Homes that sold (closed) averaged 21 days on market, 5 days slower than October 2023.

• There is a 1.4 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 465 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remained a Seller’s Market.  We saw a slight decrease in the number of homes coming on the market and going under contract in October.  Overall inventory was down from last month, but was up 14% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, the months supply of homes sits at 1.1 and under $1 Million, the months supply of homes sits at 1.2.  Both segments are in Seller’s Markets.  

Alexandria September/Q3 2024 Home Sales:

• 327 homes went under contract in Alexandria. This is down 6% from the same time period in 2023.

• 45% of the homes went to settlement in September 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $694,497 (up 5% from the same time period in 2023 when it was $660,658).

• 336 homes came on the market. That’s down 8% from the number in September 2023.

• Homes that sold (closed) averaged 22 days on market, 3 days slower than September 2023.

• There is a 1.4 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 529 Alexandria homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 10% ($740,263 vs $674,257)

Total units sold decreased by 4%

Average sales price to original list price ratio decreased slightly – 99.2% vs 100.1%

OVERALL: Alexandria remained a Seller’s Market.  We saw a slight increase in the number of homes coming on the market and going under contract in September.  Overall inventory was also up from last month, and was up 17% year-over-year.  Average sold price decreased but was up from this time last year. 

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

Alexandria August 2024 Home Sales:

• 309 homes went under contract in Alexandria. This is down 9% from the same time period in 2023.

• 54% of the homes went to settlement in August 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $789,337 (up 14% from the same time period in 2023 when it was $694,714).

• 335 homes came on the market. That’s down 4% from the number in August 2023.

• Homes that sold (closed) averaged 18 days on market, 3 days slower than August 2023.

• There is a 1.3 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 436 Alexandria homes for sale (townhouse, condo and single-family).

OVERALL: Alexandria remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in August.  Overall inventory was up from last month, and was up 23% year-over-year.  Average sold price increased and was up from this time last year. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.0.  Both segments are in Seller’s Markets.  

Alexandria July 2024 Home Sales:

• 329 homes went under contract in Alexandria. This is down 19% from the same time period in 2023.

• 57% of the homes went to settlement in July 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $729,607 (up 10% from the same time period in 2023 when it was $665,483).

• 355 homes came on the market. That’s down 9% from the number in July 2023.

• Homes that sold (closed) averaged 17 days on market, 2 days slower than July 2023.

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

OVERALL: Alexandria remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in July.  Overall inventory was up from last month, and was up 21% year-over-year.  Average sold price decreased but was up from this time last year. 

Alexandria June/Q2 2024 Home Sales:

• 423 homes went under contract in Alexandria. This is up 5% from the same time period in 2023.

• 62% of the homes went to settlement in June 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $764,108 (up 8% from the same time period in 2023 when it was $706,277).

• 400 homes came on the market. That’s down 6% from the number in June 2023.

• Homes that sold (closed) averaged 14 days on market, 2 days slower than June 2023.

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

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 7% ($748,698 vs $702,411)

Total units sold decreased by 7%

Average sales price to original list price ratio decreased slightly – 101.1% vs 101.3%

OVERALL: Alexandria remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in June.  Overall inventory was down slightly from last month, but was up 7% year-over-year.  Average sold price increased and was up from this time last year. 

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.  

Alexandria May 2024 Home Sales:

• 426 homes went under contract in Alexandria. This is down 13% from the same time period in 2023.

• 71% of the homes went to settlement in May 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $743,714 (up 7% from the same time period in 2023 when it was $693,959).

• 427 homes came on the market. That’s down 7% from the number in May 2023.

• Homes that sold (closed) averaged 11 days on market, 3 days faster than May 2023.

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

OVERALL: Alexandria remained a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in May.  Overall inventory was up from last month, and was up 24% year-over-year.  Average sold price increased slightly and was up from this time last year. 

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.5 and 0.9 respectively.  Both segments are in Seller’s Markets.  

Alexandria April 2024 Home Sales:

• 462 homes went under contract in Alexandria. This is up 2% from the same time period in 2023.

• 76% of the homes went to settlement in April 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $740,725 (up 4% from the same time period in 2023 when it was $712,699).

• 441 homes came on the market. That’s up 13% from the number in April 2023.

• Homes that sold (closed) averaged 12 days on market, 5 days faster than April 2023.

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

OVERALL: Alexandria remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, and was up 12% year-over-year.  Average sold price increased and slightly was up from this 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 0.9 respectively.  Both segments are in Seller’s Markets.  

Alexandria March/Q1 2024 Home Sales:

• 395 homes went under contract in Alexandria. This is down 2.5% from the same time period in 2023.

• 72% of the homes went to settlement in March 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $732,576 (up 9% from the same time period in 2023 when it was $673,819).

• 388 homes came on the market. That’s down 7% from the number in March 2023.

• Homes that sold (closed) averaged 14 days on market, 11 days faster than March 2023.

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

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 9% ($715,829 vs $658,480)

Total units sold decreased by 7%

Average sales price to original list price ratio increased – 100.4% vs 98.6%

OVERALL: Alexandria remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in March.  Overall inventory was up from last month, but was down 14% year-over-year.  Average sold price was up slightly from February as well as from this time last year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.8 and 0.8 respectively.  Both segments are in Seller’s Markets.  

Alexandria February 2024 Home Sales:

• 321 homes went under contract in Alexandria. This is down 4% from the same time period in 2023.

• 62% of the homes went to settlement in February 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $723,011 (up 10% from the same time period in 2023 when it was $657,225).

• 321 homes came on the market. That’s down 1% from the number in February 2023.

• Homes that sold (closed) averaged 20 days on market, 11 days faster than February 2023.

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

OVERALL: Alexandria remained a Seller’s Market.  We saw an increase in the number of homes coming on the market and going under contract in February.  Overall inventory was up from last month, but was down 21% year-over-year.  Average sold price was up from January as well as from this 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 0.6 respectively.  Both segments are in Seller’s Markets.  

Alexandria January 2024 Home Sales:

• 276 homes went under contract in Alexandria. This is down 15% from the same time period in 2023.

• 41% of the homes went to settlement in January 2024, sold in 10 days or less from when they hit the market.

• Average sold price was $678,831 (up 8% from the same time period in 2023 when it was $642,302).

• 296 homes came on the market. That’s down 11% from the number in January 2023.

• Homes that sold (closed) averaged 29 days on market, 8 days faster than January 2023.

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

OVERALL: Alexandria remained a Seller’s Market.  2024 started with an increase in the number of homes coming on the market and going under contract compared to year-end 2023 (but both remain down in comparison to the beginning of 2023).  Overall inventory was unchanged from last month and was down 17% year-over-year.  Average sold price was down slightly from December but remains up year-over-year.

In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.3 and 0.5 respectively.  Both segments are in Seller’s Markets.