The below is the real estate market trends for Prince William County for June of both 2005 and 2006. As the below statistics show, the number of houses available has almost tripled while the number of buyers for these available houses has been cut in half.

What does all of this mean? If your house is for sale, you need to make sure your house is in the best condition and has the best price compared to your competition. This will make you stand out amongst the crowd. If you are a buyer, there are lots of choices for you, interest rates are still relatively low compared to historical levels, and you have a unique buying opportunity. Feel free to visit my website and search for homes at www.yournovaagent.com.


Real Estate Market Trends

Number of Active Properties over $500K

June 2005 -- 833
June 2006-- 2181

Number of properties With Pending Contracts

June 2005-- 1007
June 2006-- 512

Number of Contracts Marked "Sold"

June 2005-- 1301
June 2006-- 732

Average Days On the Market

June 2005-- 17
June 2006- 61

Average Sale Price of List Price Average

June 2005-- 99.74%
June 2006-- 96.75%


Data Source: MRIS