Alexandria VA Real Estate Market Update August 2013
Pending Sales and Prices Down

Alexandria VA Real Estate - How's the real estate market in Alexandria VA? Here are the monthly statistics for August 2013.

How many homes sold in Alexandria VA? - There were 223 homes that sold in August, this is the third consecutive month of decreased sales volume.  We saw this year's peak back in May when 275 homes sold.  The real estate market in Alexandria took off this year, with increase sales continually from February to May.  What's also noticeable is the dip in the number of new listings.  Since June, fewer and fewer homes have been coming on the market, August's new listings count was 223, a sharp decline from May's peak of 380.  This was the third consecutive month of fewer homes coming to the market in Alexandria VA.

 

How many homes went under contract in Alexandria VA? Pending sales are also taking a dip, for the fourth straight month.  In August, there were 259 homes that went under contract (or pending), a sharp decrease from April's peak of 413.

What is the median sold price of homes in Alexandria VA? Based on the numbers, affordability in Alexandria is increasing.  In August, the median sold price was $476,250, down from last month's median of $484,950, and June's median of $520,000.

How quickly are homes selling in Alexandria VA? Sellers will be pleased to learn that the average number of days on the market for a home continues to be below the 30-day mark.  In August, homes were on the market an average of 28 days.  Off by only one day from June's low of 27 days, and less than half of February's peak of 66 days.

Are homes in Alexandria VA selling for asking price? With low average days on the market, home sellers in Alexandria are still holding the cards.  In August, homes were sold at 98.04% of their original asking price, leaving little room for negotiation (at least on price).

If you would like more detailed information on the August 2013 Alexandria VA real estate market, click here for the full report.

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