The average sales price of a home sold in November was $279,824, a 2% decrease from a year earlier. 374 homes were sold in Prince William County in November, that’s 22% less than last November. Those homes took on average 62 days to sell. While it’s a 26% increase from a year earlier –it’s still a relatively short sales time. Based on 394 homes being sold in October 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 October 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. Any monthly supply number under 5 usually indicates a Sellers Market. Additionally, sellers are getting on average almost 96% of what they list their home for. So if the seller listed their home for $100,000 they would, on average, end up selling it for $96,000. The number of homes for sale decreased 15% from a year ago to 1,285 while the number of homes that came on the market decreased 16% to 501 homes. The number of new contracts that buyers placed on homes for sale decreased about 2% from a year ago. Most of the above factors indicate a very healthy real estate market in Prince William County. If you have any questions about this information or selling your Prince William County house fast, please call us at the number above.
| Prince William County, VA | November-2011 | November-2010 | % Change |
| Avg Sold Price | $279,824 | $285,285 | -1.91% |
| Median Sold Price | $249,950 | $255,000 | -1.98% |
| Units Sold | 374 | 479 | -21.92% |
| Avg Days on Market | 62 | 49 | 26.53% |
| Avg Sold Price to List Price | 96.6% | 96.6% | 0.00% |
| Active Listings | 1,285 | 1,518 | -15.35% |
| New Listings | 501 | 597 | -16.08% |
| New Pendings | 531 | 540 | -1.67% |
Leave a Reply