FOR IMMEDIATE RELEASE – March 2023 Market Stats
PRINCE WILLIAM COUNTY MARCH 2023 MARKET STATISTICS
WOODBRIDGE, VA. March 13th – It is once again time to look at a new set of market statistics. Using data provided by Bright MLS, SmartCharts generates stats that give readers a valuable overview of the current housing market.
478 houses were sold in March, a significant drop of 33.70% from March 2022. The number of new listings fell by 41.76% in March 2023, from 953 in 2022 to 555. In 2023, there were 406 active listings on the market as opposed to 276 in 2022, a 47.10% increase. The median sales price of residences increased by 1.56% to $520,000 from $512,000 the previous year. Finally, the average number of days on the market rose from nine in 2022 to 21 in 2023.
Be sure to catch up with us in May to stay updated on the current housing market!
To review March’s market statistics, visit our website at www.pwar.com/market statistics.
REALTOR® Association of Prince William (PWAR) is the largest professional trade association in Prince William County, representing approximately 1,900 REALTORS® engaged in the residential and commercial real estate business. PWAR serves as an advocate for home-ownership and homeowners and represents the interests of property owners in Prince William County and the Commonwealth of Virginia.
Note: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.