The historical city of Alexandria, Virginia, has seen a decline in home sales compared to last year at this time.

Once part of Washington, D.C., this city is currently seeing an average of 59 days on market, with average sales prices near $498,000.

The good news for sellers? Inventory has been reported to be on a decreasing trend -- meaning less competition for sellers.

There is a 4.32 month supply of homes at this time, smaller than many areas of the nation.

Notes one local expert, "The first half of 2007 so far has experienced an increase in buying activity from last year. The spring and summer markets have definitely shown signs of life with attractive interest rates and a plentiful selection of property. Prices have stabilized in most sectors, and days on the market have increased slightly for the average property due to more inventory for buyers to choose from."

For information on your area, please click here.

Click here to view current Market Conditions in your location.

Published: August 29, 2007

Use of this article without permission is a violation of federal copyright laws.