Alexandria, VA Market Report –7/17/12

17 Jul
July 17, 2012

When we write about statistics for Alexandria, we’re talking about all home sales in the city of Alexandria. They encompass detached, semi-detached, townhomes, condominiums and coops. Regardless of what you choose to live in – prices are on the rise and days on the market are decreasing.

These statistics are an indication that we’ve had an active Spring market and a lot of buyers have taken advantage of the low prices and low interest rates. Sellers have seen that their homes are worth more than they were a year ago and have taken advantage of selling at higher prices. It appears the bottom of the market was over a year ago and we are in an ascending market once again.

June 2012 June 2011 May 2012
Total Revenue $119,739,556 $112,423,518 $112,037,122
Median Sold Price $482,700.00 $459,000.00 $500,000.00
Units Sold 240 213 213
Average Days on Market 50 74 41
Active Listings 417 569 416
New Listings 239 263 265
New Pending Sales 184 238 245

If you’re planning to purchase don’t wait any longer. This is still the perfect time to buy a home. Interest rates on a new home loan have NEVER been lower.

Our agents at Avery-Hess, Realtors want to help you whether you’re buying or want to sell a home. We’re available to answer any questions you may have so don’t hesitate to contact us. Visit our website at www.AveryHess.com. Why wait any longer?

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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