November 2012 Real Estate Market Update for Prince William, Manassas, Manassas Park
November 2012 continues the downward trend with inventory. There is currently 933 homes for sale to include all of Prince William County, Manassas City and Manassas Park and 453 that sold. Last month I reported we had 1,064 homes for sale that was 54 fewer than the month prior. Manassas City has 49 homes for sale and 33 that sold in the last 30 days. Manassas Park has 22 homes for sale and 14 that sold in the last 30 days.
Lets compare this to November 2011 Real Estate Market Update. In November 2011 I reported that in Prince William County, Manassas City and Manassas Park we had 1,254 homes for sale and 427 that sold in the prior 30 days. The report also goes on too say that the month prior there were 1,486 homes for sale and 441 that sold.
The low inventory along with low interest rates has made for a GREAT SELLERS MARKET! The entire county of Prince William has seen a year over year increase in the average sold price. Manassas City has seen the largest increase of 20.96%. Manassas Park has seen the average sale to average list price increased 3.98% to 99.1%.
The grahps below break out the real estate market for Prince William County, Manassas City and Manassas Park giving you a snap shot of how many homes sold in the month of November. This information may not be reflective of homes in your specific neighborhood as that would require a more detailed report. The graph's are provided by RBI (Real Estate Business Intelligence).