Alexandria VA Real Estate Market Update September 2013 -
New Listings Pour In

Alexandria VA Real Estate - What are the latest trends in Alexandria VA real estate?  Is it a buyers market or a sellers market?  Let's take a look and dive in to what the market activity was like in September 2013.

How many homes sold in Alexandria VA? - There were 179 homes sold in September.  While the number of closed sales in Alexandria VA were down for the third consecutive month, the volume of closed sales was still up 11.9% from September 2012.  This decline is in line with the seasonal sales pattern, as indicated in the sales trends for July, August, and September of 2012 displayed in the chart below.  What is also noticeable is the sharp increase of new listings that came to the market.  In August, there were 223 new listings that entered the market, and in September, 335 new listings were added.  This is not too far from the year's peak which was in May 2013 with 380 new listings.

How many homes went under contract? - Pending sales in Alexandria VA remained relatively stable from August to September.  August's pending sales totaled 259 and September's pending sales totaled 258.

 

What is the median sold price of homes in Alexandria VA? - The median sold price in September 2013 was $480,000, slightly up from August's median of $476,250.

 

How quickly are homes selling in Alexandria VA? - After three consecutive months of the average days on market being less than 30 days, the average time a home spent on the market in September before going under contract increased to 37 days.

 

Are homes in Alexandria VA selling at their asking price? - From February to August, Alexandria VA home sellers have reaped the benefits of earning around 98% of the original asking price for their homes.  In September, homes sold on average of 97.1% of asking price.

 

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

Connect with me on Google+