The Long & Foster Market Minute
Focus On: Alexandria City Housing Market May 2017
Units Sold
280
Active Inventory
519
Median Sale Price
$474,950
Days On Market
22
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -3%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -29%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 280 sold this month in Alexandria City Real Estate versus 250 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 3% versus May 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 73 units or 12%. The total number of active inventory this May was 519 compared to 592 in May 2016. This month's total of 519 is lower than the previous month's total supply of available inventory of 536, a decrease of 3%.

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Median Sale Price
Last May, the median sale price for Alexandria City Homes was $538,500. This May, the median sale price was $474,950, a decrease of 12% or $63,550 compared to last year. The current median sold price is 8% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
378
Current Contracts
309
Sold Vs. List Price
99.2%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 9%
Vs. Year Ago
Up 18%
Vs. Year Ago
No Change
Vs. Year Ago
Down -9%
Vs. Year Ago
Months of Supply
In May, there was 1.9 months of supply available in Alexandria City, compared to 2.0 in May 2016. That is a decrease of 9% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 378 homes newly listed for sale in Alexandria City compared to 347 in May 2016, an increase of 9%. There were 309 current contracts pending sale this May compared to 261 a year ago. The number of current contracts is 18% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Alexandria City was 99.2% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 31, a decrease of 29%.

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*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.