Bristow, VA Market Report –6/18/12

18 Jun
June 18, 2012

For those of you who have been following my posts on the Bristow market, we continue to see the effect of the lowest inventory levels in the past 5 years coupled with historic low interest rates.

Prince William County and the Bristow market are enjoying the effects of trend.  Sales volume in Bristow is up nearly 40% from May of last year and units sold is at the highest since September 2008.  All indications suggest that these trends will continue into the Fall market.

 

May 2011 May 2012 % change
Total Sales Volume $17,073,470 $23,711,951 38.88%
Avg. sold price $328,336 $359,272 9.42%
Avg. DOM 46 32 -28.26%
Units sold 52 66 26.92%
Under Contract 121 107 -11.57%
Active listings 86 71 -17.44%

 

With interest rates at an absolute all time low, home prices remaining steady and inventory at a 5 year low, now is the time to make that decision to sell or buy.  If you are considering selling and moving up, now is the time.

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Jim Agnew, Managing Broker,Avery Hess, Realtors, Dulles Regional Office

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