Increases in sales and average prices in May propelled Alexandria’s homes market to a nearly 15% year-over-year increase in sales volume.
A total of 220 Alexandria residential properties went to closing during the month, up from 206 in May 2025, according to figures reported June 10 by MarketStats by ShowingTime, based on data from Bright MLS.
Sales prices also moved higher, with the average sales price of $878,327 in May up 8.4% year over year. Increases were recorded in all three segment of the market:
- The average sales price of single-family homes was $1,661,086, up 39.7%
- The average sales price of attached homes — including townhouses, rowhouses and condominiums — was $744,379, up 3.3%
- The average sales price in the condo-only segment was $564,491, up 18.2%
The major increases in the single-family home and condo sectors likely represented larger properties. A broader index, gauging per-square-foot costs, showed more modest but still healthy performance in May.
The per-square-foot cost for city sales during the month was $512. That’s up 4.7% from $489 in May 2025, and is slightly ahead of the cumulative $510 recorded during the first five months of 2026.
Add up the sales and prices, and total volume for May was $190.6 million, up 14.8% year over year.
In May, city homes that went to closing spent an average of 20 days on the market, up from 16 a year before, and garnered 100.3% of listing price, up from 99% a year ago.
Pending sales at month’s end totaled 201, down from 222 in May 2025. Pending sales typically translate into concluded transactions within a month or two of posting.
The number of listings on the Alexandria market at the end of the month (394) was up from 341 a year ago.
Across the Washington metropolitan area, May’s overall median sales price of $680,000 was an all-time high, as was the median single-family sales price of $900,000. Alexandria’s median sales price of $735,000, however, is down 3.4% from a year ago.
“The Washington D.C. metro area is a tale of two markets,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple listing service.
She elaborated:
“Higher-income buyers are putting upward pressure on the single-family market, as inventory remains low and prices continue to rise. There are fewer first-time and moderate-income buyers. Buyers who are in the market will have more leverage in the townhome and condo markets, where inventory is expanding.”
Despite a drop in new inventory, buyers were highly active in the D.C. metro area, with closed sales surging 8.7% year over year to 5,207, Bright MLS noted.
Homes across the metro area sold at a “very fast” median pace of eight days, unchanged from a year ago, Sturtevant said.
Figures represent most, but not all, homes on the market. All May 2026 figures are preliminary and subject to revision.
Photo via Vitaly Gariev/Unsplash