Alexandria, VA housing market

There's a gap in Alexandria right now between what sellers want and what the market will pay. The median list price sits around seven hundred eleven thousand dollars, while the typical home value is about six hundred seventy-eight thousand dollars, down roughly 1 percent from a year ago. That spread is showing up in the numbers. About 17 percent of active listings have already taken a price cut, which means a real share of sellers started too high and had to adjust. Still, this is not a frozen market. Homes priced right are moving in about 27 days, and buyers have options, with around 765 homes for sale plus roughly 458 new listings arriving this month. So the read for June is this. Alexandria is not in trouble, but it is punishing wishful pricing. List at the top of the range and hope, and you will probably end up cutting. Price it honestly from the start and you can still be under contract in under a month.