Are buyers active in Alexandria?

Because fewer homes are going under contract compared to the number of homes for sale, buyers in Alexandria, MN are not very active right now. This suggests they are taking their time making decisions. The market is moving more slowly than it was a year ago.Prices are lower now compared to last year. The median listing price is $427,000, which is down 13.7% from a year ago. This means homes are listed for less money.There are 159 active listings, which is about the same as last year. However, the pending ratio is 0.34, meaning for every 100 homes for sale, only 34 are going under contract. This is a significant drop of 32.6% from last year, showing fewer buyers are committing to purchases.Homes are staying on the market for a median of 57 days, which is 13.4% faster than last year. Even with a lower pending ratio, homes that *do* sell are moving a bit quicker.About 21.7% of homes have had their prices reduced, which is slightly higher than last year. This suggests some sellers are adjusting their expectations to attract buyers.If you are looking to buy, you might have more choices and a better chance to negotiate on price. There are fewer buyers competing for homes, which can be an advantage.