ALEXANDRIA HOUSING MARKET DATA

There was a decrease in total units sold in February, with 119 sold this month in Alexandria Real Estate versus 130 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 22% versus February 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 5%. The total number of active inventory this February was 201 compared to 192 in February 2024. This month's total of 201 is lower than the previous month's total supply of available inventory of 214, a decrease of 6%.

Last February, the median sale price for Alexandria Homes was $565,000. This February, the median sale price was $605,000, an increase of 7% or $40,000 compared to last year. The current median sold price is 4% lower than in January.

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

In February, there was 1.7 months of supply available in Alexandria, compared to 1.3 in February 2024. That is an increase of 35% 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.

This month there were 159 homes newly listed for sale in Alexandria compared to 218 in February 2024, a decrease of 27%. There were 143 current contracts pending sale this February compared to 169 a year ago. The number of current contracts is 15% lower than last February.

In February, the average sale price in Alexandria was 100.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 28, higher than the average last year, which was 23, an increase of 22%.





FOCUS ON: ALEXANDRIA HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315
Units Sold 119	Active Inventory 201	Median Sale Price $605,000	Days On Market 28

Down -22% Vs. Year Ago	Up 5% Vs. Year Ago	Up 7% Vs. Year Ago	Up 22% Vs. Year Ago


		Units Sold There was a decrease in total units sold in February, with 119 sold this month in Alexandria Real Estate versus 130 last month, a decrease of 8%. This month's total units sold was lower than at this time last year, a decrease of 22% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 5%. The total number of active inventory this February was 201 compared to 192 in February 2024. This month's total of 201 is lower than the previous month's total supply of available inventory of 214, a decrease of 6%.
		Median Sale Price Last February, the median sale price for Alexandria Homes was $565,000. This February, the median sale price was $605,000, an increase of 7% or $40,000 compared to last year. The current median sold price is 4% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 159	Current Contracts 143	Sold Vs. List Price 100.8%	Months of Supply 1.7

Down -27% Vs. Year Ago	Down -15% Vs. Year Ago	No Change Vs. Year Ago	Up 35% Vs. Year Ago


		Months of Supply In February, there was 1.7 months of supply available in Alexandria, compared to 1.3 in February 2024. That is an increase of 35% 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 159 homes newly listed for sale in Alexandria compared to 218 in February 2024, a decrease of 27%. There were 143 current contracts pending sale this February compared to 169 a year ago. The number of current contracts is 15% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Alexandria was 100.8% 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 28, higher than the average last year, which was 23, an increase of 22%.


	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.
	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.