Is now the right time to buy or sell a home in Alexandria, VA? Blake Davenport answers this question in this month’s market update!
Market Highlights:
- 166 active homes on the market with 131 closed sales in the last 30 days
- 1.3 months of supply: Inventory remains extremely tight
- Home values rose by 7.4% in 2024 and are expected to continue increasing
Buyers are competing with multiple offers, and many properties are selling quickly—sometimes within hours! Even with elevated mortgage rates, Alexandria’s real estate market shows no signs of slowing down.
Advice for Buyers:
It’s critical to come prepared. We can help you navigate the competition by giving you access to off-market properties. Join our Home Buying Workshop on February 12th to learn how to successfully buy a home in today’s market.
Advice for Sellers:
This is the perfect time to sell! Our team will manage staging, renovations, and marketing to help you maximize your price and terms. Let’s make 2025 the year you hit your real estate goals!
Want more details? Watch the full market report on YouTube!