August 2019 Market Statistics

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August 2019 Market Statistics

WOODBRIDGE, VA. September 11, 2019—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 742 homes were sold in August 2019, a slight increase of 2.5 percent compared to August 2018 closed sales. The number of new pendings continued to increase again by 8.6 percent year-over-year, from 629 pending to 683.  New listings continued to see a decrease of a larger 17.6 percent year-over-year, from 936 new listings to 771. There were significantly less active listings available this year with 1,004 active listings in August 2019, compared to 1,396 in 2018. The median sold price of homes continued to strengthen in August, increasing 10.6 percent to $398,250 as compared to last year ($360,000).

REALTOR® Association of Prince William (PWAR) is the largest professional trade association in the Prince William County, representing approximately 2,000 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.

By | 2019-09-11T10:52:09-05:00 September 11th, 2019|Market Statistics, Recent News|0 Comments

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