FAST-PACED HOUSING MARKET IN PRINCE WILLIAM COUNTY
PRINCE WILLIAM COUNTY September 2020 MARKET STATISTICS
WOODBRIDGE, VA. October 13, 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 793 homes were sold in September 2020, an auspicious increase of 40.6 percent compared to September 2019 at 564. The number of contracts pending saw a noticeable increase of 31.7 percent year-over-year, from 773 to 1,018. New listings also showed an increase year-over-year, with 909 new listings, as opposed to 708 in September 2019. There were also fewer active listings available this year with 383 active listings in September 2020, compared to 954 in 2019. The median sold price of homes saw a rise in September, increasing 10.2 percent to $420,000 as compared to $381,000 last year.
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.