May 2020 Market Statistics

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May 2020 Market Statistics

 STEADY PRICE INCREASE FOR MAY 2020 HOME SALES IN PRINCE WILLIAM

PRINCE WILLIAM COUNTY MAY 2020 MARKET STATISTICS 

WOODBRIDGE, VA. June 11, 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 596 homes were sold in May 2020, a noticeable decrease of 29.5  percent compared to May 2019 at 845. The number of contracts pending saw a another decreased of 9.4 percent year-over-year, from 1,145 to 1,037.  New listings also showed a decrease year-over-year, with 751 new listings, as opposed to 1,107 in May 2019. There were also noticeably fewer active listings available this year with 517 active listings in May 2020, compared to 1,015 in 2019. The median sold price of homes saw a rise in Mayincreasing 5.1 percent to $410,000 as compared to $390,000 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 | 2020-06-11T12:33:13-04:00 June 11th, 2020|Market Statistics, Recent News|0 Comments

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