Prince William County, VA Market Report – 8/31/11

31 Aug
August 31, 2011

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:

JULY
2011 2010 +/-
New Listings 778 886 -12.20%
Closed Sales 558 575 -3.00%
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%
Active Listings 1555 1595 -2.51%
New Under Contracts 216 303 -28.71%
New Contingents 383 210 82.38%
Total Pendings 1343 1689 -20.49%

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

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