NEW SHIFTS IN THE PRINCE WILLIAM COUTY MARKET
PRINCE WILLIAM COUNTY FEBRURARY 2021 MARKET STATISTICS
WOODBRIDGE, VA. March 19, 2021—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by Virginia REALTORS® Chief Economist, Lisa Sturtevant, and SmartCharts, an affiliate website of Showing Time. The market statistics are gathered through data provided by VAR and Bright MLS, which serves as the multiple listing service for Prince William County.
A total of 561 homes were sold in February 2021, a closer margin increase of 8.5 percent compared to February 2020 at 517. The number of pending sales saw a decrease of 7.8 percent year-over-year, from 709 to 654. New listings also showed a decrease year-over-year, with 726 new listings, as opposed to 872 in February 2020. PWAR continued to have fewer active listings available this year with 215 active listings in February 2021, compared to 534 in 2020; a near 60 percent decrease. The median sold price of homes saw a slight increase of 4 percent to $405,000 as compared to $379,900 last year. The average days on the market reduced to 10 in February 2021, as opposed to 32 in 2020.
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.