The Long & Foster Market Minute

Focus On: Alexandria Housing Market June 2021

Zip Code(s): 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315
Units Sold
393
Active Inventory
284
Median Sale Price
$589,000
Days On Market
13
Up
Vs. Year Ago
Up 27%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -19%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 393 sold this month in Alexandria Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 61 units or 27%. The total number of active inventory this June was 284 compared to 223 in June 2020. This month's total of 284 is higher than the previous month's total supply of available inventory of 237, an increase of 20%.

Median Sale Price
Last June, the median sale price for Alexandria Homes was $527,500. This June, the median sale price was $589,000, an increase of 12% or $61,500 compared to last year. The current median sold price is 2% lower 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
477
Current Contracts
357
Sold Vs. List Price
103.1%
Months of Supply
0.7
Up 50%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 2.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Alexandria. The amount of supply is similar compared to 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 477 homes newly listed for sale in Alexandria compared to 318 in June 2020, an increase of 50%. There were 357 current contracts pending sale this June compared to 311 a year ago. The number of current contracts is 15% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Alexandria was 103.1% of the average list price, which is 2.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 16, a decrease of 19%.

The Long & Foster Market Minute Alexandria are defined as properties listed in zip code/s 22303, 22306, 22307, 22308, 22309, 22310, 22312 and 22315.
*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.