The Long & Foster Market Minute

Focus On: Alexandria City Housing Market June 2018

Units Sold
306
Active Inventory
512
Median Sale Price
$545,000
Days On Market
21
Down -6%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -16%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 306 sold this month in Alexandria City Real Estate versus 295 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 6% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 8%. The total number of active inventory this June was 512 compared to 558 in June 2017. This month's total of 512 is lower than the previous month's total supply of available inventory of 554, a decrease of 8%.

Median Sale Price
Last June, the median sale price for Alexandria City Homes was $567,000. This June, the median sale price was $545,000, a decrease of 4% or $22,000 compared to last year. The current median sold price is 1% lower than in May.

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


New Listings
335
Current Contracts
271
Sold Vs. List Price
98.9%
Months of Supply
1.7
Down -5%
Vs. Year Ago
Up 9%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 1.7 months of supply available in Alexandria City. The amount of supply is similar compared to 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.

New Listings & Current Contracts
This month there were 335 homes newly listed for sale in Alexandria City compared to 354 in June 2017, a decrease of 5%. There were 271 current contracts pending sale this June compared to 249 a year ago. The number of current contracts is 9% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Alexandria City was 98.9% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 25, a decrease of 16%.

The Long & Foster Market Minute
*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.