July 2020 Market Statistics

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July 2020 Market Statistics

FAVORABLE HOME SALES INCREASE IN PRINCE WILLIAM COUNTY

PRINCE WILLIAM COUNTY JULY 2020 MARKET STATISTICS

WOODBRIDGE, VA. August 10, 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 Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 906 homes were sold in July 2020, a favorable increase of 16.5  percent compared to July 2019 at 778. The number of contracts pending saw an increased of 8.3 percent year-over-year, from 962 to 1,042.  New listings also showed an increase year-over-year, with 979 new listings, as opposed to 885 in July 2019. There were also noticeably fewer active listings available this year with 415 active listings in July 2020, compared to 1,046 in 2019. The median sold price of homes saw a rise in July, increasing 9.1 percent to $420,000 as compared to $385,000 last year.

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 | 2020-08-10T14:46:36-04:00 August 10th, 2020|Market Statistics, Recent News|0 Comments

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