Home sales and average sales prices across Alexandria showed year-over-year stability in July, according to new data, but the figures point to potential softening.
A total of 170 properties went to closing last month, down slightly from 174 in July 2025. That’s according to figures reported Aug. 11 by the region’s multiple-listing service Bright MLS, based on figures from MarketStats by ShowingTime.
“The resilient Washington, D.C. area housing market has been fueled by active high-end buyers who are less rate and price sensitive,” said Lisa Sturtevant, chief economist for Bright MLS. “More moderate-income and first-time buyers are feeling the pinch from rising mortgage rates and economic uncertainty.”
That gap between the haves and have-nots may grow further in coming months, she said.
“Rates could rise further as we head into the fall, with slower-than-expected sales activity in the third quarter,” Sturtevant said.
The average sales price of all homes that went to closing citywide last month was $826,512, up 1.5% year over year, with increases recorded in all three market segments:
- The average sales price of single-family detached homes was $1,323,944, up 3.4%
- The average price of attached homes — townhouses, rowhouses and condominiums — was $728,426, up 1.1%
- The average sales price in the condo-only segment was $550,390, up 25.5%
All told, sales volume for the month stood at $140.4 million, down 0.7% from a year before.
Alexandria ranked third for the month regionally in average price per square foot at $520, down from $539 before. At the top of the rankings were Arlington at $521 (up from $497) and the District of Columbia at $520 (down from $539).
Homes that went to closing in July spent an average of 24 days on the market between listing and ratified sales contract, compared to 25 days a year before, and garnered 98.9% of listing price, up from 98%.
At the end of the month, there were 411 properties listed for sale across the city, up by one-third from a year before.
The local market could be softening, based on pending sales data. At the end of July, there were 128 city properties listed as pending sales, a decline of about 30% compared to a year before.
Across the D.C. metro area, sales in July totaled 4,690, down slightly from a year before. Sales prices also were relatively flat.
National market ‘cooling seasonally’ but not in crisis
Newly released national data for July paints a complex picture of the overall market.
The national median list price was $428,950 in July, essentially unchanged from June but down 2.4% from a year ago, the ninth consecutive month of annual price declines, Realtor.com reported on Aug. 3.
“July’s data show a market that is cooling seasonally, not coming apart,” said Danielle Hale, chief economist for Realtor.com, adding:
“Sellers are making more price adjustments as summer progresses, and buyers are responding more selectively, but homes are still going under contract at a faster pace than last year. The key question for the months ahead is whether price reductions help sustain buyer engagement or signal that sellers are getting ahead of softer demand.”
Sellers reduced prices on 20% of active listings in July, up 1.2 percentage points from June but down 0.6 percentage points from a year earlier.
The median home spent 57 days on the market in July, based on Realtor.com data. That’s four days longer than in June but one day less than a year ago — the first outright annual decline after 26 consecutive months in which homes took longer to sell than the year before.
In a separate analysis of July data, Zillow chief economist Mischa Fisher called it “a strong month for existing home sales, but unfortunately it may represent the peak of what we can expect for the rest of the year.”
“Closed sales in July mostly reflect offers accepted in June, when underlying pent-up demand for housing, combined with an improving rate environment, drove strong activity,” Fisher said. “Unfortunately, the weak growth in newly pending sales in July and the worsening rate environment portend a weaker half of the year for sales growth, with flat to declining transaction volumes for the remainder of the year in some regions.”
Zillow pegged the typical national home value at $371,757 in July — up 1.1% from a year ago — with the D.C. region reported at $581,129.
Figures represent most, but not all, homes on the market. All July 2026 figures are preliminary and subject to revision.
Image via Jakub Żerdzicki/Unsplash
