PRINCE WILLIAM COUNTY FEBRUARY 2022 MARKET STATISTICS
WOODBRIDGE, VA. March 22, 2022—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 498 homes were sold in February 2022, a decrease of 12.8 percent compared to February 2021 at 571. The number of pending sales also saw a decrease of 6.0 percent year-over-year, from 652 to 613. New listings showed an increase in percentage year-over-year, with 740 new listings, as opposed to 692 in February 2021. PWAR had fewer active listings available last month with 203 active listings in February 2022, compared to 221 in 2021; a difference of 8.1 percent. The median sold price of homes saw an increase of 10.8 percent to $450,000 as compared to $406,000 last year. The average days on the market increased to 12 in February 2022, as opposed to 10 in 2021.
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.