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.
A total of 562 homes were sold in November 2017, an increase of 6.4 percent compared to November 2016 closed sales. New listings increased as well by 1.2 percent year-over-year, from 571 new listings to 578. The number of new pending was up this month by 7.6 percent year-over-year, from 581 pending to 625. Active listings were down with 1,081 active listings in November, compared to 1,271 in 2016. The median sold price of homes also increased slightly this month, increasing 3.7 percent to $339,250 as compared to last year ($327,250).
According to the November 2017 Home Sales Report released by the Virginia REALTORS®, the residential real estate market hasn’t lost strength as the year draws to a close. November sales show there are still buyers in the market who are ready to make the deal if they can find the house they want. While the fourth quarter can typically slow, we are still seeing tight inventory and high demand from buyers for homes that present well and are priced right.
To review November’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 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.