A SLOWER PACE IN THE JULY 2021 HOUSING MARKET IN PRINCE WILLIAM COUNTY
WOODBRIDGE, VA. August 20, 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 1,026 homes were sold in July 2021, a shallow increase of 1.2 percent compared to July 2020 at 1,014. The number of pending sales saw a decrease of 5.5 percent year-over-year, from a close 1,022 to 966. New listings showed an increased percentage year-over-year, with 1,271 new listings, as opposed to 1,196 in July 2020. PWAR had more active listings available last month with 604 active listings in July 2021, compared to 452 in 2020; a difference of 33.6 percent. The median sold price of homes saw an increase of 15.9 percent to $475,000 as compared to $410,000 last year. The average days on the market reduced to 9 in July 2021, as opposed to 17 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.