SOME BALANCE RETURNS IN THE JUNE 2021 PRINCE WILLIAM HOUSING MARKET
WOODBRIDGE, VA. July 22, 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 1,133 homes were sold in June 2021, a noticeable increase of 30.4 percent compared to June 2020 at 869. The number of pending sales also saw an increase of only 0.7 percent year-over-year, from a close 1,223 to 1,231. New listings showed an increased percentage year-over-year, with 1,352 new listings, as opposed to 1,058 in June 2020. PWAR had more active listings available last month with 469 active listings in June 2021, compared to 461 in 2020; a difference of only 1.7 percent. The median sold price of homes saw an increase of 12.3 percent to $470,478 as compared to $419,015 last year. The average days on the market reduced to 7 in June 2021, as opposed to 18 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.