Alexandria, VA housing market

Alexandria home values have not moved at all over the past year, stuck at about six hundred sixty-two thousand dollars. If you are wondering whether to sell, that flat number hides the part you actually need to hear. The typical Alexandria home is worth about six hundred sixty-two thousand dollars, and the year over year change is exactly zero. Not a crash, not a climb, a plateau. But sellers are not pricing like it. The median asking price right now is about six hundred ninety thousand dollars, nearly twenty-eight thousand dollars above what the typical home is actually worth. And buyers are making them pay for that gap. The median home sits for about 38 days before going under contract, and nearly one in five listings has already cut its price. Here is the turn. Supply is not the problem. There are about 773 homes for sale, with 352 new listings hitting the market in a single month, so buyers have options and no reason to rush. For you as a seller, the move is simple. Price at the market, not above it. Homes priced right are the ones selling inside that 38 day window, while homes priced on hope are the ones cutting later. If you want to know what your home is worth in today's Alexandria market, get a free estimate at Home Value Pros dot com.