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%|
|Avg Days on Market||60||48||25.00%|
|Avg Sold Price to List Price||94.1%||96.1%||-2.15%|