WOODBRIDGE, VA. February 23, 2017—REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Metropolitan Regional Information System (MRIS), which serves as the multiple listing service for Prince William County.
REALTOR® Association of Prince William CEO April Thomas says, “Prince William County’s 2017 residential real estate market is off to a strong start. January performance showed a notable year-over-year improvement for Prince William County as well as the state of Virginia. Signs point to a busy spring market with increases in closed home sales, new pending sales, and new listings.”
A total of 452 homes were sold in January 2017, an increase of 18.3 percent compared to January 2016 closed sales. The number of new pending increased by 16.8 percent year-over-year, from 548 pending to 640. New listings also increased this month by 7.9 percent with 696 new listings in 2017, compared to 645 in 2016. Active listings fell again with 956 active listings this month, compared to 1,325 in 2016. The median sold price of homes has also decreased year-over-year to $307,861 as compared to last year ($320,000).
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 homeownership 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.