The Alexandria housing market continues to evolve with noticeable changes this month. Here are some key highlights for July 2024:
- Active number of homes on the market: 200
- Homes sold in the last 30 days: 160
- Months of Supply: 1.3 vs 0.7 (up 86% from last month)
Market Performance
- Median Sales Price:
- July 2024: $717,750
- July 2023: $648,875
- Increase: 10.6% higher than last year
- Median Days on Market:
- July 2024: 7 days
- July 2023: 6 days
- Increase: 17% higher than last year
The Alexandria housing market has seen a substantial increase in the median sales price, rising by 10.6% compared to July 2023. Despite an increase in the months of supply, indicating more homes available, the demand remains strong with a median of just 7 days on market.
As we approach the election, it’s important to anticipate a potential slowdown in the market. Nevertheless, with 200 active homes and 160 homes sold in the last 30 days, the market remains active and full of opportunities.
Stay Informed and Get Involved
Whether you’re looking to buy or sell a home in Alexandria, staying informed about the latest market trends is essential. Be sure to check out our listings and sign up for our upcoming home buying workshop for more detailed insights and personalized advice.
At The Davenport Group, we are obsessed with delivering an unmatched real estate experience.
If you are looking to purchase or sell a home, we would be honored to help you find your place. 🏡
Contact Us
- 📱 Call/Text Direct: (703) 350-8800
- 📧 Email: blake@thedavenportgroupre.com
- 💻 Website: thedavenportgrouprealestate.com
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