Welcome to your November 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 197 homes for sale and 166 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. 📊
📌 Market Highlights:
– Month’s supply down 14% from last month
– Median sales price in Alexandria city has increased by 8% from last year
– Total homes sold down 23% from last year, driving prices up
🔑 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 November 15th – perfect for those looking to navigate this market. Register here: Home Buying Workshop
🔑 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
Check out the full video for an in-depth look at these trends and more. Don’t forget to like, subscribe, and click the bell icon to stay updated with all our latest market insights.
For more information about The Davenport Group and to view our listings, visit our website:
– The Davenport Group Real Estate
Thank you for watching, and we’ll see you in the next update!