Wilson Realty Group continues our weekly series on the local real estate market statistics. This week we are focusing on Prince William County including Manassas, Catlett, Bristow, Broad Run, Catharpin, Gainesville, Haymarket, Nokesville, Dumfries, Occoquan, Quantico, Triangle and Woodbridge.
1. Market Activity – October statistics show a mixed bag for Prince William County. While the numbers were down almost across the board, Closed Sales were up for the month which reflects a stronger fall market than expected. Additionally, Active Listings are up 48.5% from the same time last year!
2. Median Sold Price – The Median Sold Price for Prince William County has fallen to $309,500 from $309,900 in September across all segments but that still reflects a 3.5% increase over the same time last year.
3. Average Days on Market – The ADOM is up for the fourth straight month to 54 days across All segments. This is still one of the lowest ADOM’s in the nation but does reflect a 35% increase from the same period last year so we will keep an eye on this to see what happens when the November stats are released.
4. Average Sold to Original List Price Ratio – The ASOLP Ratio across all segments is 96.4% which is lower than September and 1.4% lower than the same time last year.
Prince William County still maintains a robust real estate market through October, 2014 driven by proximity to Washington DC and supported by the local economy. Wilson Realty Group will continue to monitor the local real estate market for changes as we head into the 2015 spring buying season to help our clients make the best choice in their next move. If you are thinking about moving in 2015, or are just curious about a potential move call Wilson Realty Group today at 202-642-5478 and let us show you how our hybrid model can help save you thousands on your next move.