Alexandria Real Estate Market Sees Home Sales Fall

The Alexandria market pulled back with a 14.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (4.4) with six homes sold. Meanwhile, close-by Anderson reported 52 homes sales, the highest number from all the surrounding cities. Prices are falling in Alexandria, and this period the median price of all sales fell from $44,000 to $38,000.

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Demographic facts for Alexandria:

  • The median value of all homes is $72,600.
  • This area usually gets 118 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 10.3%.
  • The student-to-teacher ratio is 17.7:1. (15.3:1 = national average)

Data reported through 10/12/2016

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