Increases in sales and average prices in May propelled Alexandria’s homes market to a nearly 15% year-over-year increase in sales volume.
A total of 220 Alexandria residential properties went to closing during the month, up from 206 in May 2025, according to figures reported June 10 by MarketStats by ShowingTime, based on data from Bright MLS.
On Saturday (April 18), Alexandria City Council approved an office-to-residential conversion that will bring 32 four-story townhomes to Old Town.
Without discussion, City Council unanimously approved the Planning Commission’s recommendation to tear down the Essex Building — an office building at 333 N. Fairfax Street built in the 1970s — and replace it with townhomes. A parking garage and lot will also be demolished. Plans for the 1.4-acre site from EYA and Simpson Development reveal four-story homes with two-car garages and roof decks just a few blocks from King Street and the Potomac River waterfront.
