First-quarter home sales were flat across Alexandria while pricing data was mixed, according to new data.
A total of 401 city properties went to closing between Jan. 1 and March 31, up three homes — 0.8% — from the 398 transactions during the same period a year before, according to data reported April 11 by MarketStats by ShowingTime.
The sales price picture was complicated. While the median sales price of $646,625 was down 6.8% compared to the first quarter of 2025, the average sales price was up 2.6% to $814,465.
Price data can be skewed by changes in the types of property in the overall mix. A better gauge of the overall market — the average sales price per square foot — was up 5.2% to $507 from the first quarter of 2025.
Homes that went to closing during the quarter spent an average of 37 days between listing and ratified sales contract. That’s up two full weeks from the 23 days required a year before, one of the largest jumps across the local area.
The March housing market across the region saw an uptick, but the outlook remains “cautious,” according to a key analyst.
“Homes are taking longer to sell, inventory is rising, and buyers and sellers are still navigating higher mortgage rates and broader economic uncertainty,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple-listing service.
Across the D.C. region, the March market was “helped by improved weather and a temporary dip in mortgage rates early in the month,” Sturtevant said. “However, the recent run-up in rates and continued uncertainty around the conflict with Iran could limit how much momentum the market can sustain in the weeks ahead.”
A total of 3,818 properties went to closing in March across the metro area, up 5.2% from a year before. The median sales price of $635,000 was up 1.6%.
Alexandria contributed to the regional sales totals with 185 transactions in March, an increase of 16.4% from a year earlier.
Arlington, Fairfax City and Falls Church each saw double-digit increases in home sales compared to the year before, while Fairfax County saw an increase of just under 8%. Loudoun County was an outlier — its 383 transactions were 4.5% lower than a year before.
Figures represent most, but not all, homes on the market. All March 2026 and first-quarter 2026 figures are preliminary and subject to revision.
Photo via Francesca Tosolini/Unsplash
