Alexandria, VA Market Report – 11/6/09

06 Nov
November 6, 2009

The market statistics for October are remarkably similar to those in September for the City of Alexandria, Virginia:

  • New listings: 239 (-1%)
  • Total active listings: 478 (-1%)
  • Under contract: 79 (-1%)
  • Closed sales: 164 (+1%)

Last month we were hearing that discussions were underway in Congress to extend the First Time Homebuyers Tax Credit. Well, it’s official now. The Senate and House have passed the bill and this afternoon the President signed it through. In addition to extending the existing credit, it has also added a provision for “step-up” buyers, that is, those who have lived in their homes for at least five consecutive years and are looking to move to a new home. This credit is for $6,500. The extended time allows for purchaser’s to be under contract by April 30, 2010 and settled by June 30, 2010.

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

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