ALEXANDRIA, Va. — Alexandria home prices rose sharply in August compared with a year earlier, even as the number of homes sold fell by more than a quarter, according to data from the Northern Virginia Association of Realtors, a real estate industry trade group.
The median sale price in the city was $752,500, up 9.1% from August 2025. The average sale price rose 12.2% to $847,020. A total of 130 homes sold, down 28.6%.
The figures closely match Redfin data the Brief reported last week, which put Alexandria's August sales at 139, down 25.2%, and the median price at $749,990, up 9%. The two counts draw on different data and differ slightly as a result.
Redfin's data also showed homes in the city taking longer to sell. The median home spent 50 days on the market in August, 13 days longer than a year earlier.
The pattern has held through the summer. In June, Redfin reported Alexandria's median at $757,862, up 9.4% from a year earlier, on 217 sales, down 8%.
Alexandria's drop in sales was the second-steepest among the jurisdictions NVAR reported. Only the city of Fairfax fell more, with 22 sales, down 35.3%.
Across the region NVAR covers, which is Fairfax and Arlington counties and the cities of Alexandria, Fairfax and Falls Church, prices rose more modestly. The median sale price was $765,000, up 2%. Closed sales fell 8% to 1,324.
Alexandria's median remained below the regional figure and nearly matched Fairfax County's, which was $752,250, down 0.4%. In Arlington, the median rose 14.8% to $860,729, and sales were essentially flat at 193.
Regionally, the number of homes for sale grew even as sales fell. Active listings totaled 2,932, up 18.5% from a year earlier. Almost all of that growth came from condominiums and townhouses. Condo listings rose 44.8%, from 915 to 1,325, and townhouse listings rose 29.9%, from 469 to 609. Listings of detached homes fell 8.5%, from 1,091 to 998. Detached homes now make up about 21% of the region's inventory, down from about 28% a year ago.
NVAR CEO Ryan McLaughlin attributed the drop in sales to affordability, financing costs and buyers' personal circumstances. He said the added inventory has not led to more sales, but prices have held up. The differences among property types, he said, "are increasingly important."
NVAR President Rob Carney of Sotheby's International Realty said the growth in condo and attached-home listings gives buyers more room to compare properties. He said sellers now need to pay closer attention to how their homes are positioned.
Even with more listings, the region's supply remains far below the national level, according to a separate NVAR release Monday. Northern Virginia had 2.08 months of supply in August, up 14.7% from a year earlier, compared with 4.9 months nationally. Regional inventory grew at more than three times the national rate, 18.5% vs. 5.9%, but from a much smaller base relative to sales.
Homes across the region spent an average of 26 days on the market, compared with 31 days nationally. Both figures were unchanged from a year earlier. Sales fell faster in Northern Virginia, down 8%, than nationally, down 1.2%.
Alexandria's median of $752,500 was about 75% higher than the national median of $429,100.
NVAR did not release inventory figures for individual jurisdictions.
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Ryan Belmore is an Alexandria journalist, neighbor, and the founder and publisher of The Alexandria Brief. Send tips and feedback to ryan@alexandriabrief.com.
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