The Real Estate Market Report for Alexandria and Northern Virginia for March 2011 brings good news both in the number of sales and housing prices.
Sales of 166 in March 2011 were up >19.4% over March 2010 sales of 139 and up >15.3% from 144 sales in February 2011.
Overall March 2011 YTD sales are running 14.4% ahead of last year.
The average price of homes sold in Alexandria was up >10.7% from $400,668 in March 2010 to $443,507 in March 2011 and up >5.7% from February 2011.
Median prices were up >21.3% from March 2010 to March 2011 and up >4.9% from February 2011.
For a more detailed look at individual markets, click on each of the specific areas below:
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It’s a great time to buy a home!