March 2021 Market Statistics

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March 2021 Market Statistics

PRINCE WILLIAM COUNTY MARCH 2021 MARKET STATISTICS

WOODBRIDGE, VA. April 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 720 homes were sold in March 2021, an increase of 5.9 percent compared to March 2020 at 680. The number of all pending sales also saw an increase of a close 2.6 percent year-over-year, from 980 to 1,005.  New listings showed a decrease year-over-year, with 1,055 new listings, as opposed to 1,166 in March 2020. PWAR continued to have fewer active listings available last month with 232 active listings in March 2021, compared to 626 in 2020; a near 63 percent decrease. The median sold price of homes saw an increase of 8.9 percent to $435,630 as compared to $400,000 last year. The average days on the market reduced to 7 in March 2021, as opposed to 23 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.

Market Indicators Report
By | 2021-04-20T11:49:32-04:00 April 20th, 2021|Market Statistics, Recent News|0 Comments

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