The Long & Foster Market Minute

Focus On: Alexandria Housing Market April 2020

Zip Code(s): 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315
Units Sold
233
Active Inventory
216
Median Sale Price
$527,000
Days On Market
12
Down -25%
Vs. Year Ago
Down -30%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 233 sold this month in Alexandria Real Estate versus 250 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 25% versus April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 94 units or 30%. The total number of active inventory this April was 216 compared to 310 in April 2019. This month's total of 216 is lower than the previous month's total supply of available inventory of 235, a decrease of 8%.

Median Sale Price
Last April, the median sale price for Alexandria Homes was $490,000. This April, the median sale price was $527,000, an increase of 8% or $37,000 compared to last year. The current median sold price is 6% higher than in March.

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


New Listings
263
Current Contracts
230
Sold Vs. List Price
100.7%
Months of Supply
0.9
Down -38%
Vs. Year Ago
Down -31%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 0.9 months of supply available in Alexandria. 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 263 homes newly listed for sale in Alexandria compared to 423 in April 2019, a decrease of 38%. There were 230 current contracts pending sale this April compared to 334 a year ago. The number of current contracts is 31% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Alexandria was 100.7% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 17, a decrease of 29%.

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.