The number of new homes sold in Prince William County fell nearly 30% compared to last year.
According to the latest, just-released statistics, a total of 555 homes sold in August, a decrease of 29.30% percent in comparison to September of 2021. New listings reveal a 28.32% decrease, with 648 new listings as opposed to 904 in September of 2021., the Realtor Association of Prince William tells Potomac Local News.
There was a significant increase in active listings, with 747 listings in comparison to 2021’s 582 active listings. Also growing at a steady pace is the median sold price of homes, with there a 6.09% increase to $498,500 as compared to last year’s $469,900.
Finally, homes on the market are stifling longer. The average days on the market saw an increase from 16 in 2021 to 21.
Virginia Realtors Chief Economist Ryan Price and SmartCharts generate the statistics, which are gathered through data provided by VAR and Bright MLS.
The Realtor Association of Prince William helps members achieve business success in an ethical and professional manner, advocates for private property rights, and is the “voice of Real Estate” in the Greater Prince William region.
