WOODBRIDGE, VA. February 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 368 homes were sold in February 2019, a decrease of 4.9 percent compared to February 2018 closed sales. The number of new pendings also decreased by 2.8 percent also year-over-year, from 606 pending to 589. New listings saw a decrease, as well, of 4.8 percent year-over-year, from 724 new listings to 689. There were less active listings available this year with 713 active listings in February 2019, compared to 805 in 2018. The median sold price of homes continued to strengthen in February, increasing 6.6 percent to $370,000 as compared to last year ($347,000).
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.