Alexandria, VA Market Report –5/23/12

23 May
May 23, 2012

The statistics for the city of Alexandria encompass a large area.  Since my last post in March, when I wrote about Alexandria City, the median sold price has increased by $76,400.00.  Could this be an indication that the market is finally turning around?

Our average days on market have decreased from 90 days to 68 days, telling us we’ve had an active spring market.

This should be good news for anyone wanting to list their home for sale right now.  Buyers are out there taking advantage of the low interest rates and ready to move.

Alexandria City, VA  Market Statistics

April 2012 April 2011 March 2012
Total Revenue $87,251,059.00 $79,500,275.00 $68,941,710.00
Median Sold Price $469,900.00 $410,000.00 $391,950.00
Units Sold 175 167 160
Average Days on Market 68 66 78
Active Listings 417 618 401
New Listings 277 338 312
New Pending Sales 240 214 256

 

Our agents at Avery-Hess, Realtors are experts in the field of real estate and can help you whether you’re buying or want to sell.   Visit our website at www.AveryHess.com to get started today!

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Patricia Mancini, Sales Manager at the Avery Hess, Realtors Springfield Office

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