chartAlexandria VA  22304 Real Estate Market Activity

It is easy for not only consumers but agents to sometimes get caught up in thinking their state, city or neighborhood reflects what is going on in the real estate market.  And with all the often conflicting media coverage also adding noise, it's not hard to think anecdotally - in other words, if the neighbor down the street has not been able to sell for months, then the market is "bad" even though that may absolutely not be true at all.

I work on keeping myself from painting the local market with a broad stroke by occasionally looking at cold, hard facts.  Sometimes even I am surprised at what I find out when looking at the stats.

So, what's going on in the real estate market in the Alexandria VA zip code of 22304?  Let's take a look.

 

 

 

Okay. So, what are we looking at? Well, first of all, as in many markets these days, there are the usual ups and downs. Overall, though, in the past year, sales (both solds and pending sales) seem to be showing signs of improvement. 

Interestingly, though, look at the red line that is definitely heading down - that represents NEW listings. Yep, we have a lack of inventory right now - and that begs the question, if inventory were higher, would some of the "sideline" buyers we have in the market right now decide to get in the market? It's a good question and one only buyers can answer.

It certainly seems that agents in our market have their share of "indecisive" buyers;  maybe they are not indecisive at all, maybe they just have not seen what they want. And as long as new listings continue to decline, some of them will certainly continue to look - and not buy - until they decide the inventory "is what it is" and if they want to get into the market when prices are lower than they have been in quite some time and when interest rates are at an all time low, they will simply have to decide whether getting exactly what they want is worth the wait. 

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Susan Haughton logo

 

Visit my website for more information on Alexandria homes for sale.  You can search homes for sale, read the latest market reports and keep up with Alexandria events and activities. You can even read what others say about our service!

Search homes for sale in the following Alexandria neighborhoods:

Old Town Alexandria, Kingstowne, Montebello, Cameron Station, Mount Vernon, Fort Hunt, Townes at Cameron Parke and many more

 

Home Sellers: Contact me for a FREE MARKET ANALYSIS to find out the true market value of your home.

Home Buyers: Think this may be the right time for you to buy your first home. step up or downsize? Give me a call or drop me a line for the latest information on getting qualified and finding the home of your dreams.

 

 

 

4 Comments on Alexandria VA 22304 Real Estate Market Activity

OCT
10
2011
3 Featured Posts

Hi Susan,

Thanks for posting this. So many people believe that the horrible markets are everywhere, and it is certainly true that markets are local, even down to the neighborhood and street in some areas. Thanks again.

all the best...
7:30am • #1
OCT
13
2011
763,859 Points 107 Featured Posts Outside Blog Called Shot Master

Susan, I don't usually use graphs and charts in my market reports. I'm curious what do your Google analytics reveal about posts like this? Do they follow through to your website?
11:58am • #2
OCT
18
2011
225,681 Points 20 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Susan, I think the collective numbers we are seeing right now are nuts.   Buyers are not seeing what they want.   At 4 % interest rates, houses should be selling here in DC Metro (where we have a strong economy and low unemplyment) like hotcakes.  The national news has people convinced it's bargain shopping time for real estate, but in areas like Alexandria and Arlington, even bargains are pricey.  And also, sellers who don't think they have to put on a show and court these buyers are just not getting their houses sold and they are dead weight on the market.  
10:58am • #3
OCT
22
2011
1,100,105 Points 25 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Susan, just dropped to say congratulations on being featured in the member spotlight in the AR Daily Drop Newsletter today.
12:03pm • #4


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