Inventory in Alexandria has expanded in this rolling three-month view, with active listings up more than a quarter from a year ago and 43 homes now on the market. New listings have surged even more sharply, more than doubling year over year, which is giving buyers more options than they had last spring. Even with that added supply, pending sales are up nearly 50 percent from a year ago, keeping contract activity strong.
Pricing is reacting to this push and pull between more inventory and steady demand. The typical home value is up modestly, rising about 4 percent compared with a year earlier, while the median list price has climbed more than 20 percent year over year, suggesting sellers are testing higher asking prices.
Homes are taking longer to sell than in some past spring periods, with a median of 49 days on market in the latest three-month window, and only about 9 percent of sales closing above list price. Months of supply sits at 2.1, and the market is still categorized as a seller’s market, even as the average sale-to-list ratio hovers around 94 percent. Whether you are trying to stand out as a buyer or price strategically as a seller, Agent Pronto can connect you with a local Alexandria agent who understands these trends and can guide you through your next move.
