Steady Price Increase for May 2020 Home Sales in Prince William

Courtesy of Prince William Association of Realtors

REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Showing Time. The market statistics are gathered through data provided by Bright MLS, which serves as the multiple listing service for Prince William County.

A total of 596 homes were sold in May 2020, a noticeable decrease of 29.5  percent compared to May 2019 at 845. The number of contracts pending saw another decrease of 9.4 percent year-over-year, from 1,145 to 1,037.  New listings also showed a decrease year-over-year, with 751 new listings, as opposed to 1,107 in May 2019. There were also noticeably fewer active listings available this year with 517 active listings in May 2020, compared to 1,015 in 2019. The median sold price of homes saw a rise in May, increasing 5.1 percent to $410,000 as compared to $390,000 last year.