PRINCE WILLIAM COUNTY OCTOBER 2020 MARKET STATISTICS
Low Average Days On Market in Prince William County
WOODBRIDGE, VA. November 10, 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 873 homes were sold in October 2020, an terrific increase of 49.5 percent compared to October 2019 at 584. The number of contracts pending saw another increase of 34.5 percent year-over-year, from 687 to 924. New listings also showed an increase year-over-year, with 876 new listings, as opposed to 647 in October 2019. There were also fewer active listings available this year with 393 active listings in October 2020, compared to 871 in 2019. The median sold price of homes saw a rise in October, increasing 12.2 percent to $415,000 as compared to $370,000 last year. The average days on the market reduced to 10 in October 2020, as opposed to 29 in 2019.
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.