Alexandria (City) VA Real Estate Market Report for October 2012

Snapshot of market trends for October 2012 vs September 2012 (month to month):

  • Number of sold listings - DOWN
  • Median sales price - DOWN
  • Average days on market - DOWN
  • Average original list price to sold price ratio - UP

 

In October 2012, 145 homes sold in the City of Alexandria.  This number is down from 160 homes that sold in September.  As you can see, the number of homes sold has continued to decrease since June 2012.

The median sold price descreased two months in a row, going from $461,000 in September 2012, to $435,000.


On average, homes stayed on the market for 40 days.

 


The average original list price to sold price ratio was 97.15%.  This has remained relatively constant since the second quarter of 2012.

The number pending sales, or homes under contract spiked from 256 in September, to 302 in October.  This confirms that there are serious homebuyers in the market even during the holiday season.

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