Question: How was the first quarter of the real estate market in Alexandria?
Answer: This week we look at market activity for the first quarter of 2024 compared with first quarter of 2023 for the City of Alexandria and South Alexandria (Fairfax County portions of Alexandria). The charts below show average available monthly inventory, new listing activity by price range, contract activity by price range, contract activity by property type (condos, attached homes, and detached homes), and the average days on the market. We have often discussed the continuing pressures of low inventory on our local market, and the data so far this year shows us how strong those pressures continue to be.