With all the uncertainty and conflicting reports about how and when the housing market will return to some form of normalcy, Alexandria has remained an attractive option for first time buyers, and investors.
While many local areas have seen the market rise and fall, Alexandria has remained stable and the most recent statistics show that year over year, and relative to the previous month, there has been little change with the exception of the average sold price.
|Most recent month 2011||Same period 2010||Previous month 2011|
|Total $$ Volume||$59,725,362||$58,313,740||$60,601,774|
|Avg. Sold Price||$432,792||$462,807||$488,724|
|Ave. Days on Market||67||66||73|
Inventory of homes has decreased from the previous month perhaps indicating a reluctance of sellers to put their home on the market over the holiday period. Expect to see this pick up after January 1st as preparations for the spring market happen very early. Interest rates are remaining low and prices are still low so there are sure to be many opportunities for serious 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