The Long & Foster Market Minute

Focus On: Alexandria Housing Market February 2023

Zip Code(s): 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -25%
Vs. Year Ago
Up 45%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 88%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 152 sold this month in Alexandria Real Estate versus 119 last month, an increase of 28%. This month's total units sold was lower than at this time last year, a decrease of 25% versus February 2022.

Active Inventory
Versus last year, the total number of homes available this month is higher by 53 units or 45%. The total number of active inventory this February was 171 compared to 118 in February 2022. This month's total of 171 is lower than the previous month's total supply of available inventory of 177, a decrease of 3%.

Median Sale Price
Last February, the median sale price for Alexandria Homes was $575,250. This February, the median sale price was approximately the same at $579,500. The current median sold price is 1% higher than in February 2022.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -42%
Vs. Year Ago
Down -38%
Vs. Year Ago
Down -3.1%
Vs. Year Ago
Up 95%
Vs. Year Ago

Months of Supply
In February, there was 1.1 months of supply available in Alexandria, compared to 0.6 in February 2022. That is an increase of 94% 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.

New Listings & Current Contracts
This month there were 169 homes newly listed for sale in Alexandria compared to 289 in February 2022, a decrease of 42%. There were 156 current contracts pending sale this February compared to 252 a year ago. The number of current contracts is 38% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Alexandria was 99.6% of the average list price, which is 3.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 17, an increase of 88%.

The Long & Foster Market Minute Alexandria are defined as properties listed in zip code/s 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315.
*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 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.