Average sold home prices rose again here in Prince William County, Virginia, a suburb of Washington, D.C. This was the 4th month in a row of rising prices, in a county long considered key in the national housing recovery.
In March, the average sold price in the county was $210,000. In April that figure rose to $213,045, and in May it rocketed to $238,231.
Pent up demand, and an $8,000 tax credit pushed prices to within 84% of 2008 levels, while average days on market shrunk from 128 in 2008, to 78 in 2009. Homes currently "under contract" rivaled this time in 2004.
There were 753 total home units sold in June, with 441 being financed FHA and VA. 161 were conventional loans, and 114 were cash deals. 33 were "assumption loans", while 4 were marked "other".
Total "active" listings were down from 3,079 in March to 2,792 in May. Out of those 2,792, 1,107 were "under contract".
Hard working, experienced agent in NO.VA. Realtor, writer, specializing in First Time Home Buyer's, starter homes, and "mature" properties. Writer of the popular blog "Johnny Culdesac".
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
