Home Prices in Alexandria 22308 October 2012
Real estate market data provided by Susan Haughton of Long & Foster REALTORS Old Town Alexandria.
ALEXANDRIA 22308 HOME PRICES
In the past twelve months, prices of Alexandria homes in zip code 22308 (including condos, townhomes and detached properties) have been on a little bit of a roller coaster ride, although we saw an almost 8.5% decrease in October from a year ago, with a median sales price of $550,000 compared to $590,000 in November 2011. The median sales price year to date peaked in February, at $610,000.
ALEXANDRIA 22308 REAL ESTATE REPORT SUMMARY
The total sales volume of homes sold in October 2012 was up 78.98% from last month, the median sales price was down 3.93% over the previous month and was down almost 8.5% over one year ago/
While Average days on market was up from September 2012, it was down more than 48% from November 2011, again signaling there are motivated buyers in the marketplace, but a lack of suitable inventory.
Further, the Average Sold to List Price Ratio was 93.4%, which was down 3.27% from the month prior and down .69% from November 2011.
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