PRINCE WILLIAM COUNTY JULY 2022 MARKET STATISTICS
WOODBRIDGE, VA. August 15 –As we’re at the beginning of the second half of the year, it’s a great time to start on a new foot. With that being said, we’re also now walking, jogging, and running into a brand new month of market statistics. The stats, generated by Virginia REALTORS Chief Economist Ryan Price and SmartCharts and gathered through data provided by VAR and Bright MLS, give readers an observable snapshot of what’s hot on the charts, and what’s not in the current housing market.
Walking into our first statistic, a total of 676 homes were sold across the month of July, this is a noticeable decrease of 32.80% percent in comparison to July of 2021. New listings showed a slight 12.57% decrease with 918 new listings as opposed to 1,050 in July of 2021. Jogging into our active listings, they were shown to be more readily available with 805 listings, a significant 53.04% increase to last year’s 528 active listings. Also, running at a steady pace is the median sold price of homes, with there being an 9.47% increase to $520,000 as compared to last years $475,000. Last but certainly not least, the average days on the market saw a noticeable increase from 10 in 2021 to 11.
Be sure to catch up with us in September to keep up with the current housing market in Prince William County.
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.