December 2020 Market Statistics

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December 2020 Market Statistics

CONTINUED INCREASE IN HOME SALES IN PRINCE WILLIAM COUNTY

PRINCE WILLIAM COUNTY DECEMBER 2020 MARKET STATISTICS

WOODBRIDGE, VA. January 12, 2021—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 814 homes were sold in December 2020, a great increase of 33.4 percent compared to December 2019 at 610. The number of contracts pending saw another increase of 20.9 percent year-over-year, from 579 to 700.  New listings also showed an increase year-over-year, with 554 new listings, as opposed to 390 in December 2019. There were also fewer active listings available this year with 241 active listings in December 2020, compared to 559 in 2019. The median sold price of homes saw a rise in December, increasing 11.8 percent to $413,750 as compared to $370,000 last year. The average days on the market reduced to 13 in December 2020, as opposed to 29 in 2019.

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 | 2021-01-12T15:07:01-05:00 January 12th, 2021|Market Statistics, Recent News|0 Comments

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