November 2019 Market Statistics

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November 2019 Market Statistics

HOME PRICES CONTINUE TO RISE IN PRINCE WILLIAM COUNTY

WOODBRIDGE, VA. November 12, 2019—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 the Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 540 homes were sold in November 2019, an abundant increase of 16.8 percent compared to November 2018. The number of new pendings continued to increase by 11 percent year-over-year, from 554 pending to 615.  New listings continued to see a decrease of 12.7 percent year-over-year, from 614 new listings to 536. There were considerably less active listings available this year with 747 active listings in November 2019, compared to 1,204 in 2018. The median sold price of homes continued to strengthen in November, increasing 4.3 percent to $365,000 as compared to $350,000 last year.

REALTOR® Association of Prince William (PWAR) is the largest professional trade association in 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 | 2019-12-12T17:06:06-05:00 December 12th, 2019|Market Statistics, Recent News|0 Comments

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