Alexandria Virginia Home Sales May 2008 - Real Estate Market Report – Alexandria City VA Homes Sold
By Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR
(Maximum One Executive REALTORS®)
Alexandria Homes for Sale and Real Estate Sales. MRIS Sales Statistics for May 2008 were just released today - June 10, 2008 for the MRIS service area. For Alexandria Homes for Sale, we saw an decrease of homes sales of 8.78% There are buyers out there, and sellers that are realistic are selling their homes. Alexandria Homes for Sale saw 187 units sold in May 2008 compared to 205 sales May 2007. In my own opinion it shows that this really has not bottomed yet, but the lower prices are a result of foreclosures, distressed homes, bank owned properties that are brining out buyers that are looking for a deal. Days on market increased to 77 days or an increase of 4.23%. The price of the average unit sold in Alexandria real estate sales dropped -16.05% YTD from May 2007 ($495,501)...
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