Record Prices, A Dearth of Inventory: Amazon Still Affecting Alexandria Housing Market
✉️ Want to forward this article? Click here.
The effect of Amazon's impending arrival continues to be felt in the Alexandria housing market in two ways: skyrocketing prices and a dearth in inventory.
Data from ShowingTime by RBI shows that the median sales price for homes in Alexandria in March was $579,250, a 24 percent increase compared to March 2018. Listings in March sold for an average of 100.1 percent of asking price, the highest proportion for a local jurisdiction, so it doesn't appear that the high prices are dissuading buyers.
Or maybe they are. Closed sales fell 23 percent in Alexandria year-over-year. There were also 7 percent fewer pending sales in March.
story continues below
loading...story continues above
While prices may be affecting sales, a lack of supply may also be to blame. The active inventory in March in Alexandria dropped 50 percent compared to 12 months earlier.

Time will tell the extent to which these market factors are motivated by Amazon headquarters anticipation, although if another recent report is any indicator, the shortage of new condos on the horizon for Alexandria could certainly tip the scales even further.
See other articles related to: alexandria, amazon, amazon hq2, amazon hq2 real estate effect, amazon northern virginia, amazon second headquarters
This article originally published at https://dc.urbanturf.com/articles/blog/record-prices-a-dearth-in-inventory-the-alexandria-housing-market-in-march/15259.
Most Popular... This Week • Last 30 Days • Ever

Today, UrbanTurf takes a look at the latest with the residential (and some of the com... read »

The mortgage interest deduction allows homeowners who itemize their taxes to reduce t... read »

Canal House, a Tribute Portfolio hotel, will open near the C&O Canal later this month... read »

While tariffs are often discussed in the context of their effects on manufacturing, a... read »

The new project will be located at a site that the developer purchased several years ... read »
- Jose Andres, Heating Plants And The 10 Developments Coming To Georgetown
- How Does The Mortgage Interest Deduction Work?
- Marriott Set To Open 105-Room Boutique Hotel in Georgetown This Month
- How Will New Tariffs Affect The Housing Market
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro