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 – While activity across almost all segments decreased in October, Active Listings reflect a 30% increase over the same period last year. This is good news for all buyers who have found low inventory for most of the last several years.
2. Median Sold Price – The Median Sold Price for Prince William County has fallen below $300,000 for the first time since February, 2013 but still reflects a 14% increase over the same time last year.
3. Average Days on Market – The ADOM took a sudden 10 day jump from 30 days in September to 40 days in October. 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 November stats are released.
4. Average Sold to Original List Price Ratio – The ASOLP Ratio across all segments is 98.2% which represents a very strong market in Prince William County.
Prince William County still maintains a robust real estate market late into 2013 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 2014 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.