Market Insights - Louis Taylor

Market Insights

Alexandria, VA


June 2019 Alexandria City Market Data

April 2019 Alexandria April 2019 – Local Market Insight

In 22315, the median sold price for Condo & Coop properties for April
was $325,500, representing an increase of 4.6% compared to last
month and an increase of 4.3% from Apr 2018. The average days on
market for units sold in April was 14 days, 72% below the 5-year April
average of 50 days. There was a 25% month over month decrease in
new contract activity with 9 New Pendings; a 35.3% MoM decrease in
All Pendings (new contracts + contracts carried over from March) to
11; and a 33.3% increase in supply to 4 active units.
This activity resulted in a Contract Ratio of 2.75 pendings per active
listing, down from 5.67 in March and an increase from 1.29 in April
2018. The Contract Ratio is 60% higher than the 5-year April average
of 1.72. A higher Contract Ratio signifies a relative increase in
contract activity compared to supply, and indicates the market is
moving in the seller’s favor. A lower Contract Ratio signifies a relative
decrease in contract activity compared to supply, and indicates the
market is moving in the buyer’s favor.

Alexandria City Market Data