PRINCE WILLIAM COUNTY NOVEMBER 2022 MARKET STATISTICS
WOODBRIDGE, VA. December 12th – The beginning of a new month brings in another set of market statistics. The stats, generated by SmartCharts, and gathered through data provided by Bright MLS, give readers a valuable snapshot of what’s hot, and what’s not.
Approaching the first statistic, 375 homes were sold across the month of November, this is a noticeable decrease of 47.99% percent in comparison to November of 2021. New listings reveal a 30.37% decrease with 337 new listings as opposed to 484 in November of 2021. Moving on to our active listings, there was a significant increase with 555 listings in comparison to 2021’s 289 active listings. Also, coming in hot is the median sold price of homes, with there being an 8.70% increase to $500,000 as compared to last years $460,000. Finally, the average days on the market saw an increase from 28 in 2021 to 17.
Be sure to catch up with us in January to stay updated on the current housing market!
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.