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Welcome to The Stillwell Group Market Update. I’m Lee Stillwell.
If you’re considering buying or selling residential real estate, it’s essential to understand the current market trends.
According to Bright MLS, the marketplace for Alexandria, VA residential properties, here’s what happened in 2024 Vs 2023:
The number of sold listings decreased by 5% to 1228 properties, with a top sale of $5.25 million at 408 Lloyds Ln
The Average Sales Price increased by 7% to $1 million and the Average Price Per Square Foot is $423.
The 30-year fixed mortgage rate is at an average rate of 7%, according to Freddiemac.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s essential to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in. We’ll see you at the next Stillwell Group Market Update.
