Alexandria Market Report – December 2013
There were 375 homes sold in December 2013, an increase from 335 in November. Median days on the market increased to 26 from 20 and median seller subsidy continued to be zero during the month of December. Sellers saw 96.72% of list price. The amount of homes sold is about the same as compared to December 2012 – 374 vs. 375. The median sales price went from $414,850 in December 2012 to $429,950 in December 2013 an increase of $15,100.
It’s very common for sales to slow in the winter months, particularly December but, the increase in sold units as compared to November is a good sign for the spring market. Increasing sale prices continue to be the trend in the Alexandria real estate market. There are constantly buyers actively looking and inventory remains low. When a new home enters the market if it’s properly prepared and priced well it’s going to receive a lot of interest. Buyers need to be prepared to act quickly before it’s too late.
If you’re considering buying or selling in the Alexandria area give me a call to discuss your options. To browse homes for sale in Alexandria please visit my website. I want to be your Alexandria Realtor® and look forward to working with you.
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