Hi! I’m Brad Chandler of Express Homebuyers and the Following is Your December 2011 Real Estate Statistics for Prince William County, Virginia
The average sales price of a home sold in December was $271,558, less than a 1% decrease from a year earlier. 435 homes were sold in Prince William County in December, that’s 12% less than last December. Those homes took on average 60 days to sell – a 25% increase from a year ago. Based on 374 homes being sold in November there is a 3-month supply of homes in Prince William County. This means that if buyers continued to buy at the same pace as they did in November each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 3 months. Sellers are getting on average almost 94% of what they list their home for. So if a seller listed their home for $100,000 they would, on average, end up selling it for $94,000. The number of homes for sale decreased 18% from a year ago to 1,132 while the number of homes that came on the market decreased 5.5% to 427 homes. The number of new contracts that buyers placed on homes for sale decreased less than 1% from a year ago. While most of the indicators have slipped from a year ago, I would still say a very healthy real estate market in exists in Prince William County, especially given the 3-month supply of houses. If you have any questions about this information or selling your Prince William County house fast, please contact us at the number above.
| Prince William County, VA |
December 2011 |
December 2010 |
% Change |
| Avg Sold Price |
$271,558 |
$273,551 |
-0.73% |
| Median Sold Price |
$238,000 |
$239,000 |
-0.42% |
| Units Sold |
435 |
493 |
-11.76% |
| Avg Days on Market |
60 |
48 |
25.00% |
| Avg Sold Price to List Price |
94.1% |
96.1% |
-2.15% |
| Active Listings |
1,132 |
1,383 |
-18.15% |
| New Listings |
427 |
452 |
-5.53% |
| New Pendings |
481 |
485 |
-0.82% |
Posted in Real Estate Statistics |
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Hi! I’m Brad Chandler of Express Homebuyers and the Following is Your December 2011 Real Estate Statistics for Montgomery County, Maryland
The average sales price of a home sold in December was $426,499, a decrease of 7.5% from a year earlier. 713 homes were sold in Montgomery County in December, a 10.5% decline from last December. Those homes took on average 85 days to sell, an increase from 82 days, a year ago. Based on 673 homes being sold in November there is less than a 4-month supply of homes in Montgomery County. This means that if buyers continued to buy at the same pace as they did in November each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in about 4 months. Sellers are getting on average 92% of what they list their home for. So if the seller listed the home for $100,000 they would, on average, end up selling it for $92,000. The number of homes for sale decreased over 13% from a year ago to 2,474 homes while the number of homes that came on the market decreased 9.5% to 571 homes. The number of new contracts that buyers placed on homes for sale decreased 9% from a year ago. So things have slipped a little in Montgomery County from a year ago. While a 4-month supply of homes is very healthy, all of the other indicators have gotten worse. Not dramatically worse – just worse. If you have any questions about this information or selling your Montgomery County house fast please contact us at the number above.
| Montgomery County, MD |
December 2011 |
December 2010 |
% Change |
| Avg Sold Price |
$426,499 |
$461,393 |
-7.56% |
| Median Sold Price |
$335,000 |
$359,000 |
-6.69% |
| Units Sold |
713 |
797 |
-10.54% |
| Avg Days on Market |
85 |
82 |
3.66% |
| Avg Sold Price to List Price |
92.5% |
92.3% |
0.25% |
| Active Listings |
2,474 |
2,864 |
-13.62% |
| New Listings |
571 |
631 |
-9.51% |
| New Pendings |
648 |
714 |
-9.24% |
Posted in Real Estate Statistics |
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Hi! I’m Brad Chandler of Express Homebuyers and the Following is your December 2011 Real Estate Statistics for Prince Georges County, Maryland
I know like I sound like a broken record… but – prices of homes in Prince Georges County have, once again, declined from the previous year – over 4% since last December, falling to $185,903. Prince Georges County has experienced one of the steepest declines in home values, in the area, over the past four years, with some areas seeing values nearly cut in half. 710 homes were sold in December – this is up 1% from the previous December. These homes remained on the market for 114 days – an increase of 28% and sellers are only getting 89% of what they list their house for. This means that if the seller lists his or her home for $100,000 they will end up selling it for about $89,000. In terms of supply, in November, 2011 there were 626 homes sold. When you divide this into the number of active listings, this signifies a 5-month supply of houses. This means that if buyers continued to buy at the same pace as they did in November each month going forward and there were no new homes placed on the market for sale the supply of houses for sale would run out in 5 months. The number of homes for sale has decreased over 31.5% from a year ago to 3,368 while the number of homes that came on the market decreased 37% to 720 homes. These are significant drops from a year earlier. Speculation is that banks will begin to process more foreclosures, thus pushing up these new and active listings. The number of new contracts that buyers placed on homes for sale increased nearly 24% from a year ago from 797 to 987. This is an indication that buyer activity has increased significantly from a year ago. This could be a combination of lower interest rates coupled with buyer’s perception that we are at the bottom of the pricing cycle and prices will likely increase. Even with this surge in activity, if you are a buyer in Prince Georges County you will find the market is in your favor. Sellers will need to wait longer and expect less from the sale of their home. If you have any questions about this information or selling your Prince Georges house fast please contact us at the number above.
| Prince Georges County, MD |
December 2011 |
December 2010 |
% Change |
| Avg Sold Price |
$185,903 |
$193,911 |
-4.13% |
| Median Sold Price |
$160,000 |
$174,000 |
-8.05% |
| Units Sold |
710 |
703 |
1.00% |
| Avg Days on Market |
114 |
89 |
28.09% |
| Avg Sold Price to List Price |
88.8% |
90.7% |
-2.05% |
| Active Listings |
3,368 |
4,918 |
-31.52% |
| New Listings |
720 |
1,142 |
-36.95% |
| New Pendings |
987 |
797 |
23.84% |
Posted in Real Estate Statistics |
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