Alexandria, VA Market Report – 9/25/09

25 Sep
September 25, 2009

The activity in the City of Alexandria parallels Arlington County. Both are close in proximity to Washington, DC with Metro Access.

  • New listings: 241
  • Pending sales: 179
  • Closed sales: 168
  • Average sales price: $436,273
  • Average DOM: 66

August statistics for 2009 are consistent with those of the previous year. The average sales price is down by 6.5%, but the median sold price is up 3.25% reflecting a little more activity in the higher end properties. Meanwhile, the average days on market (DOM) dropped only 2%. There were 179 contracts approved, but 241 new listings replaced them in the active inventory. Condo sales accounted for half of the sales for the month.

Interest rates remain favorable as well, making conditions just right for buyers.

Market data and commentary by Charlie Carroll, Managing Broker at Avery-Hess, Realtors.

Search for homes in the City of Alexandria, and the rest of the DC Metro: www.averyhess.com

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