PRINCE WILLIAM COUNTY MAY 2022 MARKET STATISTICS
WOODBRIDGE, VA. June 14, 2022 – Flowers are in bloom this season and so are the recent Prince William County market statistics. The stats, generated by Virginia REALTORS Chief Economist Ryan Price and SmartCharts and gathered through data provided by VAR and Bright MLS, give readers a valuable snapshot of what’s hot on the charts, and what’s not in the current housing market.
A grand total of 864 homes were sold across the month of May, this is a minimal decrease of 13.3 percent in comparison to May 2021. New listings also showed a slight 11.1% decrease with 1079 new listings as opposed to 1214 in May 2021. On a lighter note, active listings were shown to be more readily available with 489 listings, a significant 30.8% increase to last year’s 374 active listings. Also increasing at a slightly slower pace is the median sold price of homes, with there being an 8.7% increase to $521,838 as compared to last years $480,000. Last but certainly not least, the average days on the market saw a vague decrease from 7 in 2021 to 6.
Tune into next months snapshot and keep up with the current housing market in Prince William County.
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.