PRINCE WILLIAM COUNTY OCTOBER 2022 MARKET STATISTICS
WOODBRIDGE, VA. November 14th – This month has brought in a new set of market statistics hot off the press and ready to be read. 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.
Diving into the first statistic, 463 homes were sold across the month of October, this is a noticeable decrease of 35.78% percent in comparison to October of 2021. New listings reveal a 32.49% decrease with 536 new listings as opposed to 794 in October of 2021. Moving on to our active listings, there was a significant increase with 714 listings in comparison to 2021’s 487 active listings. Also, coming in hot is the median sold price of homes, with there being an 6.08% increase to $498,000 as compared to last years $452,500. Finally, the average days on the market saw an increase from 14 in 2021 to 24.
Be sure to catch up with us in December to stay updated on the current housing market!
To review October’s market statistics, visit our website at www.pwar.com/market statistics.
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.