It’s been quite some time since prices of homes in Prince William County have increased from the previous year. Although they have increased from 2010, since April 2007, the median and average sales prices have declined approximately 30-40%. Prince William was one of the hardest hit areas in the country in terms of value declines. Fortunately, the real estate Market in Prince William County seems to be stabilizing.
While the number of houses sold declined a significant amount and sellers in general are getting a lower sold price, percentage wise, compared to their original list price, they are still getting nearly 97% of list price – another sign of a healthy Market.
In terms of supply, in March, 2011 there were 484 homes sold. When you divide this into the number of active listings it signifies roughly a 3 month supply of houses. This amount of supply is much better than a typical healthy market defined by a 5-6 month supply. Active listings were up roughly 13% while new listings and pending contracts both declined from a year ago. Contact us to sell your house in Prince William County, Virginia.
|Prince William County, VA||Apr-2011||Apr-2010||% Change|
|Avg Sold Price||$287,402||$270,135||6.39%|
|Median Sold Price||$250,000||$242,300||3.18%|
|Avg Days on Market||54||40||35.00%|
|Avg Sold Price to List Price||96.9%||98.9%||-1.97%|
If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.