Real Estate Market Update

Year over year January was a good month for real estate. Manassas Park showed the biggest increase of sold volume coming it at 24.22%. Prince William County came in at 2.85 increase while Mansssas City seen a slight dip of 6.08%

There was a 63% decrease in the number of homes that sold in January 2012 over what sold in December 2011. This has to do with the extremely low inventory. In January there was only 1174 home for sale. This is a 2.4% few homes than in December. In my December's Real Estate Market Update I reported there as 1,254 homes for sale and 427 that had sold. 

January's average sold price for the entire county was $269,980 this is an increase of 3.3% for the same time last year.

The grapgh's break out the various area's within the county, giving you a snap shot of how many homes are for sale, under contract and sold in the month of December. Information is provided by Real Estate Business Intelligence.

 Prudential Pen Fed Realty is your premier resource for all real estate information and services in the Prince William County, Manassas, Manassas Park as well as the entire Northern Virginia area. We are committed to making your home buying or selling experience the most rewarding, stress-free process possible. Our goal is to build lasting relationships and make you a clients for life!

Susan Jacobs
703-347-4418
Associate Broker
Prudential Pen Fed Realty

Home4Sale@mris.com
www.SusanJacobs.com