DRASTIC CHANGES FOR APRIL 2020 HOME SALES IN PRINCE WILLIAM
WOODBRIDGE, VA. May 12, 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 579 homes were sold in April 2020, a large decrease of 12.1 percent compared to April 2019. The number of under contracts saw a noticeable decreased of 27.1 percent year-over-year, from 1,165 to 849. New listings also showed a drastic decrease year-over-year, with 743 new listings, as opposed to 1,118 in April 2019. There were also noticeably fewer active listings available this year with 652 active listings in April 2020, compared to 927 in 2019. The median sold price of homes saw a rise in March, increasing 7.6 percent to $410,000 as compared to $381,000 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 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.