What Sold In Alexandria During September 2017?
Real Estate Activity in Alexandria During September 2017
•Number of Sales: 398 (decrease from 486 in August)
•Highest Priced Sale: $3,149,900
•Lowest Priced Sale: $85,000
•Median Sales Price: $436,750 (decrease from $454,400 in August)
•Median Days on Market: 21 (increase from 16 in August)
•Median Sale Price to List Price Ratio: 97.54% (decrease from 97.75% in August)
Alexandria Home Sales September 2016 vs. September 2017
In September 2016 there were 437 homes sold, the median sale price was higher this September by $21,750. Days on the market in 2016 as compared to this year saw no change – 21 days. Sellers saw a 97.47% sale to list price ratio in 2016. Reviewing the same time period in the previous year gives us data to gauge how the market is performing as compared to the same time period last year. While more homes sold last September the median sale price was substantially higher this year. Days on market and the median sale to list price ratio show consistency for September 2016 and 2017.
Is Alexandria A Buyer’s Or A Seller’s Market?
The seller’s market tune continues to play in Alexandria. There are currently 997 homes for sale in Alexandria which is a decrease from this time last month. Seeing sales slow this time of year it very common and not something to be alarmed about. Median days on the market at 21 is still very low and sellers continue to enjoy a strong sale to list price ratio. As a buyer now is a great time to enter the market because while homes still aren’t staying on the market for a long time they are staying on longer than they were in the spring and summer. You can take advantage of the seasonal slower market and low interest rates. The homes that are selling within a matter of days have similar characteristics – they’re priced according to the market, they show well, and they offer convenient showing times for buyer agents to be able to bring their clients for a tour. Marketing and exposure no matter what the market trends are will always be imperative to sell for top dollar in the shortest time possible. In the current market sellers need to be mindful that things have slowed down a bit from spring and summer. Making sure your home is ready to shine the day it hits the market is a must. For some tips on common pricing mistakes to avoid check out this article.
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