Real Estate Trend for Prince William County June 2005 Through June 2007

As a realtor, I do my best to stay up to date on trends and statistics of Prince William County, where I live and work. The below is the real estate market trends for Prince William County for June of both 2005, 2006 and 2007. As the below statistics show, in June 2005, over 80% of all homes active on the market were selling every month. By June of 2006, that statistic had dropped to just a little over 14% of all active homes selling per month and now as recently as June of 2007, only 8.5% of homes that are active are selling every month. 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 http://www.yournovaagent.com/. If you are a seller, I would love to work with you and make sure we do our best to make your home one of the 8.5% that will sell whether you live in Ascot Woods, Brittany, Montclair, Powells Landing, Winding Creek, Ashland, Potomac Club or in any neighborhood in Prince William County.

June 2005
Active Market Listing- 1618
Houses Under Contract- 1237
Houses Sold- 1301

June 2006
Active Market Listing- 5131
Houses Under Contract- 647
Houses Sold-732

June 2007
Active Market Listing- 6014
Houses Under Contract- 516
Houses Sold- 511

Data Source: MRIS

ABOVE CHART IS NOT TO BE REPRODUCED WITHOUT WRITTEN CONSENT OF KRISTIN BURNS