The Home Front
Market Watch: October 2011
Property sales increase as market time decreases.
Property sales in Alexandria for the month of October increased almost 8 percent from October of 2010. October saw 136 properties sold in the city of Alexandria, according to statistics released by Coldwell Banker. This is an increase of almost 5 percent from the prior month. Year-to-date sales for 2011 are running almost 4 percent ahead from year-to-date sales at this time in 2010. The average sales price during the month of October was $436,694, a decrease of almost 6 percent from October 2010 and a decrease of just over 10 percent from prior month. The average number of days listings spent on the market prior to their sale was 54 for the month of October, a decrease of almost 2 percent from October 2010 and a three-year low when also …
