PRINCE WILLIAM COUNTY APRIL 2023 MARKET STATISTICS
WOODBRIDGE, VA. May 15th –Bright MLS, Smartcharts has released the latest real estate market statistics for April 2023 in our area. The data shows a decrease in new listings, closed sales, and median sold price, but an increase in active listings.
According to the report, new listings were down 44.05% from the same period last year, with 583 new listings in April 2023 compared to 1,042 in April 2022. Closed sales were down by 34.82% to 496, from 761 in 2022. The median sold price decreased by 2.21% to $508,500, from $520,000 in April 2022. Active listings increased by 3.13% to 396, from 384 in 2022. The average days on the market increased by 100%, from 7 in 2022 to 14 in April 2023.
Be sure to catch up with us in June to stay updated on the current housing market!
REALTOR® Association of Prince William (PWAR) is the largest professional trade association in Prince William County, representing approximately 1,900 REALTORS® engaged in the residential and commercial real estate business. PWAR serves as an advocate for home-ownership and homeowners and represents the interests of property owners in Prince William County and the Commonwealth of Virginia.
Note: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.