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| MAY 2025 | |||
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| Units Sold 207 |
Active Inventory 358 |
Median Sale Price $760,000 |
Days On Market 20 |
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| Down -8% Vs. Year Ago |
Up 38% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 67% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 207 sold this month in Alexandria City Real Estate versus 166 last month, an increase of 25%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 98 units or 38%. The total number of active inventory this May was 358 compared to 260 in May 2024. This month's total of 358 is lower than the previous month's total supply of available inventory of 397, a decrease of 10%. |
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Median Sale Price
Last May, the median sale price for Alexandria City Homes was $715,000. This May, the median sale price was $760,000, an increase of 6% or $45,000 compared to last year. The current median sold price is 5% 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 244 |
Current Contracts 229 |
Sold Vs. List Price 100.0% |
Months of Supply 1.7 |
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| Down -7% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -0.9% Vs. Year Ago |
Up 49% Vs. Year Ago |
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Months of Supply
In May, there was 1.7 months of supply available in Alexandria City, compared to 1.2 in May 2024. That is an increase of 49% 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 244 homes newly listed for sale in Alexandria City compared to 262 in May 2024, a decrease of 7%. There were 229 current contracts pending sale this May compared to 213 a year ago. The number of current contracts is 8% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Alexandria City was 100.0% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 12, an increase of 67%. | |||
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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. | |||
 Information included in this report is based on data supplied by BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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