WOODBRIDGE, VA. November 21, 2018—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 583 homes were sold in October 2018, a decrease of 7.8 percent compared to October 2017 closed sales. The number of new pending decreased as well by 3.7 percent also year-over-year, from 698 pending to 671. New listings saw an increase of 4.7 percent year-over-year, from 761 new listings to 797. There were more active listings available this year with 1,387 active listings in October 2018, compared to 1,320 in 2017. The median sold price of homes continued to strengthen in October, increasing 4.9 percent to $346,000 as compared to last year ($329,950).
According to the National Association of REALTORS® October 2018 Existing Home Sales Statistics, “sales increased in October after six straight months of decreases…Three of four major U.S. regions saw gains in sales activity last month.” The total existing-home sales increased 1.4 percent from September to a seasonally adjusted rate of 5.22 million in October.
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 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.