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 – February marks the second straight month of increases across 3 of the 5 segments in Prince William County. Active Listings reflect a 35.8% 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 to $290,000 across all segments but still reflects a 3.6% increase over the same time last year.
3. Average Days on Market – The ADOM is down slightly in February reversing an upward trend since September 2013 to 52 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 March stats are released.
4. Average Sold to Original List Price Ratio – The ASOLP Ratio across all segments is 96.6% which represents a consistently strong market in Prince William County.
Prince William County still maintains a robust real estate market early into 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 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.