March 2020 Market Statistics

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March 2020 Market Statistics

BIG ADJUSTMENTS FOR MARCH 2020 HOME SALES IN PRINCE WILLIAM

WOODBRIDGE, VA. April 13, 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 589 homes were sold in March 2020, a strong increase of 4.1  percent compared to March 2019. The number of under contracts saw a drastic decreased of 12.8  percent year-over-year, from 1,012 to 883.  New listings also showed a decrease year-over-year, with 972 new listings, as opposed to 1,029 in March 2019. There were noticeably fewer active listings available this year with 592 active listings in March 2020, compared to 822 in 2019. The median sold price of homes grew significantly in Marchincreasing a nearly 12 percent to $408,250 as compared to $365,000 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 homeownership 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 | 2020-04-13T11:14:02-04:00 April 13th, 2020|Market Statistics, Recent News|0 Comments

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