Alexandria, Virginia, is in a stabilizing trend at the moment, with sales down 4 percent last month.
Notes one local expert, "The 1st half of 2007 experienced an increase in buying activity from last year. The summer market, while active, has recently shown signs of a slowdown."
Average sales prices are down as well, going from $498,253 to $497,751 in August. Market time increased by 6 days on average to 83.
Inventory levels have remained fairly stable.
All of these conditions are creating a neutral market at this time.
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Published: September 28, 2007
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