What does a Sold Score of 73 mean in Alexandria?

This Sold Score means that homes in Alexandria are generally selling about as quickly as homes in other parts of the country. A score of 5 out of 10 suggests a balanced pace of pace in the market. Looking at the local market, the median listing price is \$477,450. This is actually down 4.1% from the previous month. However, it's still quite a bit higher, up 11.0% compared to last year. The number of homes for sale is 146. This is 12.9% fewer homes than last year, showing there aren't as many choices available. Also, fewer new homes are coming onto the market, down 14.0% from last year. Homes are currently staying on the market for about 41 days before going under contract. This is about the same amount of time as last year, indicating a consistent selling pace. About 23.3% of homes have had a price reduction. This means close to a quarter of sellers have had to drop their asking price, which is slightly more than last year. If you're thinking of selling, even with a balanced Sold Score, it's important to price your home correctly from the start. Plenty of homes are still getting price reductions, so being realistic about your asking price can help you sell efficiently.