Alexandria Real Estate Market Report for Old Town – December 2009
January 11th, 2010 Categories: Market Reports, Old Town
The December 2009 Alexandria Real Estate Market Report for Old Town presents an interesting set of numbers. The number of sales is down 57 percent from December 2008 to December 2009 but sales prices are up 20 percent during the same time period.
Another twist is the average number of days on market (DOM). The DOM is up 60 percent from 61 days in December 08 to 103 in December 09. This can be at least partially explained by two houses that were on the market well over a year and one that took six months to move.
Despite the decline in the number of sales for December 2009 we are encouraged by the rise in sales prices and expect to see it continue into 2010. The numbers below represent sales of single family dwellings, condominiums are not included.
For more detail on any of the numbers in this edition of the Alexandria Real Estate Market Report for Old Town, call me at 703.927.4554 and let’s talk houses.
Michael
Related articles: Old Town Alexandria
; ?>/images/MatoChiclet.gif)
[...] this is almost the complete opposite of what our December 2009 Real Estate Market Report showed. In that case, the number of listings were down but the prices were up as were the days on [...]