Are buyers active in Alexandria?

There are signs of buyer interest in Alexandria right now, but also some caution. Fewer homes are going under contract compared to last year, yet prices are also coming down, which could draw more buyers in. The median listing price in Alexandria is currently $450,000. This price has dropped by 7.1% from the previous month and is 8.3% lower than it was a year ago, which might make homes more attractive to buyers. However, the number of homes going under contract, known as pending listings, is 65. The pending ratio is 0.39, which is 25.6% lower than last year. This suggests that while homes are available, fewer are being snatched up quickly compared to before. Homes are staying on the market for a median of 56 days. This is a slight decrease of 5.1% compared to a year ago, meaning homes are moving a little faster than they were. Additionally, 24.6% of homes have lowered their asking price. If you're looking to buy, the decreasing prices and slightly quicker sales could indicate a good time to find a home. You might find more room to negotiate, especially with a quarter of homes seeing price reductions.