Real Estate Market Update for August 2011
Here are some graphs from Real Estate Market Intelligence showing a 3.36% increase in the average sold price from the same time last years for homes in Prince William County, Manassas & Manassas Park. Inventory is down by 3.67% compared to last year as well. There are fewer short sales or bank owned foreclosures on the market at present time. They are down to 25% of the market compared to 60% the same time last year.
With interest rates at a new all time low we are seeing more first time buyers as well as move up buyer shopping the market. This is very encouraging news for the housing market in Prince William County, Manassas & Manassas Park.
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