Fairfax County VA Home Search Website Blog

Are you thinking of buying one of the Alexandria VA homes for sale?   You’re probably wondering if now is the right time to purchase real estate. You want to buy a home you can afford in a growing area so you can build equity while you live there. While there is no magic formula to tell you when a market is stable, you can look for some signs that it’s the right time to buy.

1. Fewer homes on the market. As people begin buying homes in an area, there won’t be as many homes for sale. This means people are buying properties and want to live in that region. Growth usually means your home’s value will increase.
2. Sold prices are closer to asking (or list) prices. When more Alexandria VA homes are on the market, the competition drives prices down so sellers don’t get their full asking price. Likewise, when the number of buyers is greater than the number of homes on the market, buyers are willing to pay more to get the homes they want.
3. Days on market decreases.  As one of the best Alexandria Virginia REALTORS®, I measure the real estate market by the number of days a home stays for sale. In a booming market, homes are not for sale for long (and they often sell before they are even advertised to the public). Look for an area where homes are being sold within a reasonable amount of time (usually less than 3 months).
4. Prices are firm. In a stable market, home prices don’t fluctuate and don’t vary greatly among comparable homes. This is because sellers aren’t anxious to sell their homes, and buyers are paying what homes are worth.
5. Incentives disappear. Sellers and builders offer all sorts of incentives when they have trouble selling homes. When those incentives start disappearing, you know people are buying again, and this may be a good time for you to buy a home.

Are you ready to find a home or condo?  I’d love to assist you in finding the right real estate property to fit your needs and budget.  To learn about today’s Alexandria VA homes for sale real estate market, give me a call now at 703-909-3939 or drop me a quick email at Steve@HomeSearchWebsite.com.

Steve Hawkins
Long and Foster REALTORS®
Springfield, Virginia
www.HomeSearchWebsite.com
Steve@HomeSearchWebsite.com
703-909-3939