Until 2017, the number of homes in Alexandria assessed at $499,999 or less always topped the number assessed at $500,000 or more. Significantly even, as recently as 2015.
Those days are over as rising assessments and demand, combined with low for-sale inventory, erode the supply of moderately priced homes. The challenges are likely to grow as thousands of incoming Amazon.com Inc. (NASDAQ: AMZN) employees launch their home searches in the coming years.
