The Long & Foster Market Minute

FOCUS ON: ALEXANDRIA HOUSING MARKET APRIL 2024

Zip Code(s): 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315
Units Sold
210
Active Inventory
188
Median Sale Price
$690,000
Days On Market
14
Up 6%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -26%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 210 sold this month in Alexandria Real Estate versus 162 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 6% versus April 2023.

Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 13%. The total number of active inventory this April was 188 compared to 216 in April 2023. This month's total of 188 is lower than the previous month's total supply of available inventory of 232, a decrease of 19%.

Median Sale Price
Last April, the median sale price for Alexandria Homes was $610,000. This April, the median sale price was $690,000, an increase of 13% or $80,000 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
243
Current Contracts
256
Sold Vs. List Price
102.2%
Months of Supply
0.9
Down -5%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In April, there was 0.9 months of supply available in Alexandria, compared to 1.1 in April 2023. That is a decrease of 18% 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 243 homes newly listed for sale in Alexandria compared to 255 in April 2023, a decrease of 5%. There were 256 current contracts pending sale this April compared to 260 a year ago. The number of current contracts is 2% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Alexandria was 102.2% of the average list price, which is 1.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 19, a decrease of 26%.

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.