Alexandria Sees 43% of Homes Selling Over Asking Price
Key Takeaways Nearly 50% of homes in Alexandria are selling above their asking price, reflecting a competitive real estate market. Despite a 6% year-over-year drop in the median listing price, average home values in the area continue to rise. Limited inventory and intense buyer competition are key factors mirroring the broader market trends in Northern Virginia. Alexandria's Real Estate Surge: A New Era of Bidding Wars In a dramatic resurgence, nearly half of Alexandria's homes are selling over asking price, igniting fierce bidding wars in this coveted real estate market. Intense buyer rivalry drives demand far beyond supply, with sellers strategically pricing homes to spark multiple offers. The median listing price has dropped by 6% year-over-year, yet the average home value sees a steady climb. Limited inventory intensifies competition, reflecting Northern Virginia's broader market dynamics. Explore these high-stakes challenges and opportunities shaping Alexandri...