A modestly solid start to home sales across the city in 2026 could be complicated by Middle East war anxiety.
Home sales in Alexandria totaled 116 for February, according to figures reported March 10 by MarketStats by ShowingTime. That’s up 1.8%, from sales in February 2025.
Sales prices also were generally up, with the average of all properties selling in February rising 5.2% to $824,629 and increases recorded in all three segments of the market:
- The average sales price of single-family homes stood at $1,465,447, up 12.6%
- The average price of attached homes — townhouses, rowhouses and condominiums — was $699,108, up 0.9%
- The average price of condominiums alone was $533,688, up 2.4%
Total sales volume for the month was $96.45 million, an increase of 8.9%.
Homes that went to closing in February spent an average of 30 days between listing and ratified sales contract, compared to 22 days a year before. Homes garnered 98.4% of listing price, down from 100.3%.
At the end of the month, total inventory citywide was 260 properties, up one-third from a year before.
Looking into the near future, pending sales for February were up nearly 18% from a year ago. Those pending sales typically convert into closed transactions within a month or two.
Despite the reasonably solid performance of the Alexandria homes market, recent military action in Iraq may complicate things, one expert said.
In recent days, “buyers and sellers are moving with extreme caution,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple listing service.
“The conflict with Iran has added a new layer of uncertainty just as we would normally expect spring market activity to pick up,” Sturtevant said in a March 10 analysis of February sales data.
“Despite mortgage rates falling to a three-and-a-half-year low, closed sales were essentially flat compared to last year, and new listings plunged to record lows across much of the region,” she said.
The mid-term forecast remains clouded by economic and now military concerns.
“If the conflict with Iran is limited, the housing market could rebound quickly,” Sturtevant said. “However, a prolonged conflict could stall home sales activity this spring. The combination of declining seller inventory and cautious buyers creates uncertainty.”
While national and international issues impact the local market, it is more sensitive to the give and take between sellers and buyers.
“If sellers continue to hold back and buyers return, the Washington metro area may begin to tighten, becoming more competitive for buyers who enter the market,” Sturtevant said.
Figures represent most, but not all, homes on the market. All February 2026 figures are preliminary and subject to revision.
City fourth in region for per-square-foot cost: For February, Alexandria stood fourth locally in in the per-square-foot cost of real estate transactions regionally.
For sales during the month, buyers paid an average of $470 for every square foot in the county. That’s down 4.9% year-over-year.
Topping the list regionally was Falls Church, where the average per-square-foot sales price was $570. Unlike most other jurisdictions in the region, it was up year-over-year, rising 12.7%.
The average per-square-foot cost elsewhere was $485 in Arlington, down 7.8%; $475 in the District of Columbia, down 7.8%; $376 in Fairfax County, down 0.5%; $299 in Loudoun County, down 0.3%; and $255 in Prince William County, down 0.4%.
Across the Mid-Atlantic region, counting about 70 jurisdictions spread over six states and the District of Columbia, the average sales price for February was $251 per square foot, a 0.4% decline from a year before.
Figures were reported March 10 by Bright MLS, the region’s multiple-listing service.
D.C. region sees slight decline in sales, increase in prices: Total sales and median sales price across the Washington region each moved 2.2% in February — but in opposite directions.
The 2,890 transactions recorded during the month represented a 2.2% decline from a year before, according to figures reported by Bright MLS.
The median sales price rose 2.2% to $610,000, according to the data.
Figures represent market conditions in the District of Columbia; Arlington, Fairfax and Loudoun counties and the cities of Alexandria, Fairfax and Falls Church in Virginia; and Montgomery, Prince George’s and Frederick counties in Maryland.
For the region, the total number of home showings during the month was up 3% year-over-year to just over 81,000. Active listings at the end of the month were up 11% to 7,612.
Photo via Vitaly Gariev/Unsplash
