Market activity can vary from one property type or price range to the next.
For the 12-month period spanning July 2010 through July 2011, Pending Sales in Prince William County were down 20.49% from the same period a year prior.
Lets look at the Stats:
|New Pending Sales||599||513||16.80%|
|Median Sales Price||260,000||251,000||3.59%|
|Avg SP to OLP Ration||96.80%||99.20%||-2.35%|
|Days on Market until sale||47||39||20.51%|
|Detached Units Sold||339||329||3.04%|
|Attached Units Sold||219||246||-10.98%|
|Sold Dollar Volume||165,369,923||163,171,615||1.35%|
|Avg. Sold Price||296,362||283,777||4.43%|
|Avg. List Price for Solds||300,945||285,617||5.37%|
|Ratio of Avg SP to Avg OLP||96.00%||97.40%||-1.51%|
|Attchd Avg Sold Price||207,017||204,433||1.26%|
|Detached Avg Sold Price||354,081||343,103||3.20%|
|New Under Contracts||216||303||-28.71%|
The overall Median Sales Price was up 3.59% to $260,000. Average Sold Prices increasing for both Attached and Detached Properties. Attached Properties sold price increased 1.26%, and Detached Properties sold price increase 3.20%.
New Listing inventory levels were down -12.20% from 2010 with only 778 new listings on the market last month. Total Active Listings currently is 1555 which is slightly down from 2010 with -2.51%.
Despite the numbers above the Prince William market is very steady. There are buyers entering the market daily.
Market data and commentary provided by Maryanne Moyers, Managing Broker, Avery-Hess, Realtors.
Search for homes in Prince William County, and all the DC Metro: www.averyhess.com