Welcome to your December 2023 real estate market update for Alexandria City, brought to you by Blake Davenport of The Davenport Group and RLAH Real Estate, your source for all the latest trends and insights in the local market. 🏠📈
In this update, Blake provides a detailed analysis of the current state of the Alexandria real estate market, including inventory levels, sales data, and price trends. With 138 homes for sale and 117 homes sold in the last 30 days, we’re experiencing a dynamic market with a 1.2 month supply, indicating a strong seller’s market despite the traditionally slower season and ongoing high interest rates. 📊
📌 Recap 2023:
– Supply and demand issue despite higher interest rates
– 2304 homes listed in 2023 vs 3050- Roughly 24% less homes this year – Average price in Alexandria City went up 3.1% from Fall 2022 to Spring 2023
– Median Price 2022: 582,100 vs 633,100 – 8.8% increase
🔑 For Buyers: Prepare for a competitive market, with the next month potentially offering the best deals before the spring surge. Don’t miss our virtual Home Buying Workshop on January 17th – perfect for those looking to navigate this market. Register here: https://www.eventbrite.com/e/discover-arlington-the-davenport-group-virtual-home-buying-workshop-tickets-775702606377?aff=blog
🔑 For Sellers: While the end of the year may be slower, the upcoming months are shaping up to be ideal for selling your home. Now is the time to strategize for the peak season starting in January.
📞 Have questions or need personalized advice? Contact The Davenport Group directly: – Contact Us – Email: blake@thedavenportgroupre.com
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🌐 For more information about The Davenport Group and to view our listings, visit our website: https://thedavenportgrouprealestate.com
Thank you for watching, and we’ll see you in the next update!
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