The Long & Foster Market Minute

Focus On: Alexandria City Housing Market June 2021

Units Sold
310
Active Inventory
343
Median Sale Price
$677,500
Days On Market
16
Up 32%
Vs. Year Ago
Up 57%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 7%
Vs. Year Ago

Units Sold
The number of units sold remained stable in June, with 310 sold this month in Alexandria City Real Estate. This month's total units sold was higher than at this time last year, an increase of 33% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 125 units or 57%. The total number of active inventory this June was 343 compared to 218 in June 2020. This month's total of 343 is higher than the previous month's total supply of available inventory of 297, an increase of 15%.

Median Sale Price
Last June, the median sale price for Alexandria City Homes was $614,500. This June, the median sale price was $677,500, an increase of 10% or $63,000 compared to last year. The current median sold price is 17% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
429
Current Contracts
314
Sold Vs. List Price
101.1%
Months of Supply
1.1
Up 33%
Vs. Year Ago
Up 18%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Up 19%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Alexandria City, compared to 0.9 in June 2020. That is an increase of 19% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 429 homes newly listed for sale in Alexandria City compared to 323 in June 2020, an increase of 33%. There were 314 current contracts pending sale this June compared to 265 a year ago. The number of current contracts remained stable as compared to last June.

Sale Price to List Price Ratio
In June, the average sale price in Alexandria City was 101.1% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 16, higher than the average last year, which was 15, an increase of 7%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.