May 2019 Market Statistics

//May 2019 Market Statistics

May 2019 Market Statistics

Virginia Home Sales Report

WOODBRIDGE, VA. June 10, 2019—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 845 homes were sold in May 2019, a continued increase of 10 percent compared to May 2018 closed sales. The number of new pendings continued to increase by 3.4 percent year-over-year, from 891 pending to 921.  New listings saw a decrease, again, of 4.3 percent year-over-year, from 1,157 new listings to 1,107. There were noticeably less active listings available this year with 1,015 active listings in May 2019, compared to 1,220 in 2018. The median sold price of homes continued to strengthen in May, increasing 4 percent to $390,000 as compared to last year ($375,000).

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.

By | 2019-06-10T14:23:59-04:00 June 10th, 2019|Recent News|0 Comments

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