August 2020 Market Statistics

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August 2020 Market Statistics



WOODBRIDGE, VA. Septmeber 10, 2020—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Showing Time. The market statistics are gathered through data provided by Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 827 homes were sold in August 2020, a favorable increase of 11.5  percent compared to August 2019 at 742. The number of contracts pending saw a tremendous increase of 32.7 percent year-over-year, from 801 to 1,063.  New listings also showed an increase year-over-year, with 871 new listings, as opposed to 771 in August 2019. There were also noticeably fewer active listings available this year with 340 active listings in August 2020, compared to 1,004 in 2019. The median sold price of homes saw a rise in August, increasing 7.5 percent to $428,000 as compared to $398,250 last year.

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 | 2020-09-10T12:23:19-04:00 September 10th, 2020|Market Statistics, Recent News|0 Comments

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