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.

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.

April brought mixed results to the real estate market in Montgomery County, Maryland. People looking to sell their house saw a drop of nearly 22% in total houses sold. The average and median sale prices rose slightly from the previous year but declined slightly from March 2011.

The big drop in April was the number of houses sold. Home sales in Montgomery County were down nearly 22% from the previous year. Houses were on the market 29% longer in April, but are still selling quickly relative to other regions.

There is a 5 month supply of houses for sale in Montgomery County, a slight decrease from the previous month.

New listings in Montgomery County were down significantly. This is likely due to legal battles between the U.S. government and bank that have slowed the release of REO properties (Real Estate Owned) – what the bank calls properties that are taken back through the foreclosure process.

Montgomery County is still a healthy market in terms of sales prices and supply, but buyers are becoming less active with a 23% decline in pending contracts from the previous year. We can help sell your house fast in Montgomery County, Maryland.

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.

Prices of homes in Prince Georges County have, once again, significantly declined from the previous year. The median sold price dropped by nearly 18% while the average sold price declined by over 14%. Prince Georges County has experienced one of the steepest declines in home values, in the area, over the past four years. In April 2007, the median and average sales prices were $331,000 and $349,000 respectively. This represents a 49% decline in average sales price and a 52% decline in median sales price. These drastic value declines have most likely never been seen before in the United States.

The number of homes sold decreased by nearly 19% and sellers in general are getting a lower sold price, percentage wise, compared to their original list price.

In terms of supply, in March, 2011 there were 730 homes sold. When you divide this into the number of active listings, this signifies an almost 7 month supply of houses. This has decreased by 2 months from March and is much closer to what is considered a “healthy market” as defined by a 5-6 month supply. Active listings have increased due to fewer pending sales – signifying that buyers have become less active. New listings have decreased a dramatic 20% in Prince Georges County. Contact us if you need to sell your house fast in Prince Georges County – we can help!

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.

For homeowners in Montgomery Country, Maryland, home prices are improving. Fortunately the area has a fairly healthy market.

The median sold price is up slightly while the average sold price improved significantly from the previous year.  It’s still not easy to sell a house fast, though. There has been a significant drop in units sold and a significant increase in days on market.

In terms of supply, in February 2011 there were 525 homes sold. When divided into the number of active listings, it signifies a 6-month supply of houses. This is a slight increase from the prior month, and it indicates a healthy market (defined by a 5-6 month supply).

Active listings were down in Montgomery County, and new listings were significantly down. This is most likely a result of the legal battles between the US government and the banks that are stalling the release of foreclosed properties. REOs, or Real Estate Owned, are what a bank calls the properties they take back through the foreclosure process.

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.