Alexandria City Real Estate Market Extends Weakening in Home Sales

A nine-week rough patch for the overall sales trend continues in the Alexandria City market. Also, the actual number of sales dropped 5.1% over the last 30 days to land at 168. The median sales price rose to $472,500 over the latest reporting period for Alexandria City, up from $465,000. There are only three months of inventory available in Alexandria City, so it's still seller's market, even with the shrinking sales numbers.

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Demographic facts for Alexandria City:

  • The median value of all homes in the area is $408,800.
  • Average number of rainy days is 111 per year. (U.S. average: 100)
  • The unemployment rate for this area is 4.3%.
  • The student-to-teacher ratio is 9.8:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams Capital Properties
47 reviews
Snapped 29 homes in this area
Coldwell Banker Residential Brokerage
Snapped 14 homes in this area

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