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Real Estate Market Update for May 2012

Find out what area had a 31.53% increase month over month.

There are currently 1,203 homes actively available for sale in Prince William County. This is a slight increase over the last few months and a good thing for those serious home buyers.

Manassas City has 78 homes for sale and Manassas Park has 22 homes.

Of the 1,303 homes for sale in Prince William County, Manassas City and Manassas Par,k only 60 are marked as foreclosures, less that one half a percent of the entire inventory.

The number of short sales has decrease as well. Currently there are 131 marked as short sales or approximately 10 percent of the entire inventory.

All areas are showing an increase of average sale price month over month and a decrease of days on the market. Manassas Park had a 2.14 percent increase month over month and a 7.1 percent increase year over year. The average list price to sold price is holding strong. It is now averaging from 97.7 percent-98.83 percent up from months past.

The graph breaks  out Prince William County, Manassas City and Manassas Park, giving you a snap shot of how many homes have sold in the month of May 2012.

Keep in mind that this may not be reflective of prices in your specific neighborhood, as that would require a more detailed report. The graphs are provided by Real Estate Business Intelligence.

Have a great day and thanks for taking the time to read my blog!

Have a real estate question or suggestion for a blog? Send me an email at Home4Sale@mris.com

Susan Jacobs-The Jacobs Team

Home4sale@mris.com

PrinceWilliamExpert.com

Prudential Pen Fed Realty

Office:703-396-6000

Prince William Chamber of Commerce "Member of the Year 2011"

"Your PrinceWilliamExpert for over 20 years. Let Us Put Our Expertise to work for You."

Licensed Real Estate Broker in the Commonwealth of Virginia.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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