PWAR Home Sales Report 2nd Quarter 2019 Prince William Association of Realtors® Market Report Key Takeaways Economic Conditions
Broad-based job growth in Prince William County-and in the Northern Virginia region more generally-suggests continuing strong demand for housing in the region.
Interest rates are even lower now than they were at the beginning of the year, and there is no indication of significant increases in the months to come.
Housing Market Conditions
2nd quarter sales activity remained essentially flat in the PWAR market compared to a year ago, continuing a cooling trend that began at the start of last year.
Despite flat sales, the median sales price in the PWAR market continues to climb. At $380,000 the 2nd quarter median sales price is $10,000 higher than last year, and $55,000 higher than four years prior.
The supply of active listings in the market continues to shrink and is now less than half of the level it was four years ago.
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