Realty Times - Alexandria, Virginia Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Alexandria
Rosemont, Alexandria

Market Conditions Summary for Alexandria, Virginia

Reported by

Casey ONeal, Associate Broker
as of 2/9/2012:

How's the market? Don't focus as much on the national news since everything is "local" and in our local market area buyers (and renters too) are out there looking and the housing inventory is low along with historically low interest rates.... MORE->
About Casey ONeal, Associate Broker

Reported by

Tony Ward
as of 1/28/2012:

"Existing-home sales have bounced around this year, staying relatively close to the current level in most months," he said. "With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month... MORE->
About Tony Ward

Reported by

Cheryl Shier
as of 1/17/2012:

The best way to describe the current market is to say that buyers are interested but wary. They are not willing to pay over what they deem the home to be worth in anticipation that prices may continue to fall. With all the latest technology,... MORE->
About Cheryl Shier

Reported by

Katalin S. Melamed
as of 12/19/2011:

Alexandria Historic Old Town with the King Street Metro, Station, Potomac River, proximity to Washington D.C. and Maryland, is a very desirable location for residents who want to live in the City. The Torpedo Factory and other exhibitions are... MORE->
About Katalin S. Melamed

Reported by

Ron Fowler
as of 12/17/2011:

Inventory of active listings as of Dec 10th is 409 homes. The number of properties sold/under contract during in the last month was 152. The current absorbtion rate or month's worth of supply is thus 2.69 months. The average sales price of the... MORE->
About Ron Fowler

Reported by
Alex Pachedzhiev
as of 11/5/2011:

Number of closed sales dropped by 8.5% due to increase of average and median sold price by 9.5% compared to Sep 2010. Average original asking price to sold price ratio is 95%. Days on the market increase by 18% to 60... MORE->

Reported by
Traci Rochon
as of 11/5/2011:

In November, 2011 prices are up almost 14% over November, 2010 in Alexandria city. Homes stay on the market for an average of 73 days. There are less people selling today as compared to last year. Currently there are 496 active listings in... MORE->

Average Current Market Rating: 2.7 (7 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3.1 (7 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Alexandria
Rosemont, Alexandria

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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