January 2020 Market Statistics

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January 2020 Market Statistics

FIRST HOME SALES REPORT OF 2020 IN PRINCE WILLIAM COUNTY

WOODBRIDGE, VA. February 11, 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 the Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 371 homes were sold in January 2020, a fair decrease of 6.9 percent compared to January 2019. The number of under contracts also decreased by 11.6 percent year-over-year, from 697 to 616.  New listings showed a slight decrease year-over-year, with 546 new listings, as opposed to 557 in January 2019. There were noticeably fewer active listings available this year with 453 active listings in January 2020, compared to 691 in 2019. The median sold price of homes dropped in January, decreasing 1.4 percent to $365,000 as compared to $370,000 last year. The total number of sales saw an increase of 6.9 percent compared to 2019 with 371 units sold.

REALTOR® Association of Prince William (PWAR) is the largest professional trade association in 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 | 2020-02-11T12:31:39-05:00 February 11th, 2020|Market Statistics, Recent News|0 Comments

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