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 – June statistics show a mixed bag for Prince William County. Active Listings and Closed Sales were up while New Listings and New Pendings were down. The concern is that the broader DC market is slowing even while we have low interest rates and relatively low inventory.
2. Median Sold Price – The Median Sold Price for Prince William County has risen to $332,000 across all segments but that reflects a 0.9% decrease over the same time last year.
3. Average Days on Market – The ADOM is down for the fifth straight month to 36 days across All segments. This is still one of the lowest ADOM’s in the nation so we will keep an eye on this to see what happens when the July stats are released.
4. Average Sold to Original List Price Ratio – The ASOLP Ratio across all segments is 97.9% which represents a consistently strong market in Prince William County.
Prince William County still maintains a robust real estate market halfway through 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 in the fall 2014 buying season to help our clients make the best choice in their next move. If you are thinking about moving in 2014, 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.