As of October 2, 2008, there were 354 condos on the market in Alexandria, Virginia (16% less than the 417 on the market this time last year).  This represents almost exactly 50% of the inventory of homes currently available in the City of Alexandria.  During the month of September, 56 Alexandria condos sold. 

Over the first 3 quarters of 2008, 542 condos sold in Alexandria, or just over 60/month on average.  These sales numbes are significantly down from last year which saw an average condo sales rate of 90/month in Alexandria.

Based on the September rate of sales, there is a 6.3 month supply of condos in Alexandria, a relatively balanced market. 

The chart below shows the inventory of condos at the 8 communities with the most current inventory on the market in Alexandria:

Here are the current average prices in Alexandria:

1 BR Condos -- 113 available, average price $245,226 (average Oct. 2007 price -- $259,455)

2 BR Condos -- 183 available, average price $334,374 (average Oct. 2007 price -- $341,770)

3 BR Condos -- 47  available, average price $348,737 (average Oct. 2007 price -- $387,084)

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