Prince William County Housing Market Data

There was an increase in total units sold in April, with 507 sold this month in Prince William County Real Estate, an increase of 1%. This month's total units sold is similar compared to a year ago.

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Versus last year, the total number of homes available this month is lower by 631 units or 39%. The total number of active inventory this April was 1,001 compared to 1,632 in April 2012. This month's total of 1,001 is lower than the previous month's total supply of available inventory of 1,010, a decrease of 1%.

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Last April, the median sale price for Prince William County Homes was $265,000. This April, the median sale price was $319,900, an increase of 21% or $54,900 compared to last year. The current median sold price is 6% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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In April, there was 2.0 months of supply available in Prince William County, compared to 3.2 in April 2012. That is a decrease of 39% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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This month there were 947 homes newly listed for sale in Prince William County compared to 870 in April 2012, an increase of 9%. There were 819 current contracts pending sale this April compared to 652 a year ago. The number of current contracts is 26% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Prince William County was 99.2% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 29, lower than the average last year, which was 48, a decrease of 40%.

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Focus On: Prince William County Housing Market			April 2013
Units Sold 507	Active Inventory 1,001	Median Sale Price $319,900	Days On Market 29

No Change Vs. Year Ago	Down -39% Vs. Year Ago	Up 21% Vs. Year Ago	Down -40% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 507 sold this month in Prince William County Real Estate, an increase of 1%. This month's total units sold is similar compared to a year ago. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 631 units or 39%. The total number of active inventory this April was 1,001 compared to 1,632 in April 2012. This month's total of 1,001 is lower than the previous month's total supply of available inventory of 1,010, a decrease of 1%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Prince William County Homes was $265,000. This April, the median sale price was $319,900, an increase of 21% or $54,900 compared to last year. The current median sold price is 6% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 947	Current Contracts 819	Sold Vs. List Price 99.2%	Months of Supply 2.0

Up 9% Vs. Year Ago	Up 26% Vs. Year Ago	No Change Vs. Year Ago	Down -39% Vs. Year Ago

iCharts		Months of Supply In April, there was 2.0 months of supply available in Prince William County, compared to 3.2 in April 2012. That is a decrease of 39% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 947 homes newly listed for sale in Prince William County compared to 870 in April 2012, an increase of 9%. There were 819 current contracts pending sale this April compared to 652 a year ago. The number of current contracts is 26% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Prince William County was 99.2% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 29, lower than the average last year, which was 48, a decrease of 40%. Click here to compare the days on market of this area against other locations.		iCharts



*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.