This week’s Q&A column is written by David Howell, Executive Vice President and Chief Information Officer, of Corcoran McEnearney, the leading real estate firm in Alexandria. To learn more about this article and relevant market news, contact David at [email protected].
Question: What is happening in the real estate market in Alexandria?
Answer: This week, we look at market activity year-to-date for 2025 compared with the same months of 2024 in the City of Alexandria and South Alexandria (Fairfax County portions of Alexandria). The charts below show average available month-end inventory, total new listing activity by price range, total contract activity by price range, and total contract activity by property type (condos, attached homes, and detached homes).
If you are interested in more information and analysis, every month on our website, we profile the most important market indicators for Northern Virginia – contract activity, interest rates, inventory, affordability, and the direction of the market – in an easy-to-read and digest summary followed by supporting charts and data.
CITY OF ALEXANDRIA
Fully Available Listings by Price Range – Monthly Average
- Inventory is the number of available listings on the market at the end of the month.
- Year-to-date, the average month-end inventory for Alexandria City increased 72.0% for 2025 compared to 2024.
- The most significant increases have been for homes priced less than $500,000.
New Listings by Price Range
- Year-to-date, the number of homes coming on the market increased 13.5% compared to 2024.
- There were increases in all but the highest price category.
New Contract Activity by Price Range
- Year-to-date, total contract activity in the City of Alexandria increased 2.6% in 2025 compared to 2024.
- By price category, half have seen increases with the most significant for homes priced $1-$1.5 million.
Number of Condo, Attached Home, and Detached Home Contracts
- The number of detached homes, the smallest part of the Alexandria City market, going under contract year-to-date increased 13.1% compared to 2024.
- Attached homes contract activity increased 9.5%.
- Contract activity in the condo market decreased 4.0%.
SOUTH ALEXANDRIA – FAIRFAX COUNTY PORTIONS OF ALEXANDRIA
“South Alexandria” refers to those portions of Fairfax County with an Alexandria mailing address.
Fully Available Listings by Price Range – Monthly Average
- As mentioned above, inventory is the number of available listings on the market at the end of the month.
- Year-to-date, the average month-end inventory for South Alexandria increased 69.4% for 2025 compared to 2024, with increases in all price categories.
New Listings by Price Range
- Year-to-date, the number of homes coming on the market increased 10.8% compared to 2024.
- However, the lowest price category had a decrease in the number of listings.
New Contract Activity by Price Range
- Year-to-date, total contract activity decreased 1.5% compared to 2024.
- There were decreases for homes priced less than $750,000, but increases for higher priced homes.
Number of Condo, Attached Home, and Detached Home Contracts
- Year-to-date, condo contract activity decreased just 0.5% compared to 2024.
- Attached home activity decreased 14.6%.
- Detached home activity increased 6.9%.
Note: Data derived from BrightMLS and is deemed reliable but not guaranteed.
If you would like a question answered in our weekly column or to set up an appointment with one of our associates, please email: [email protected] or call 703-549-9292.
Corcoran McEnearney, 109 S. Pitt Street, Alexandria, VA 22314, corcoranmce.com. Each office is independently owned and operated. Equal Housing Opportunity.
