Real Estate Market Insights for February 2012

Compliments of Real Estate Business Intelligence (RBI).

So, how’s the market doing in Prince William County? The number of new listings is up, the number of closed sales is up, and the median sold price is up year over year. Sounds like the sellers have some good news.

Buyers, check out the Average Sold to OLP (Original List Price) Ratio. It is 95.7%. This tells us that on average sellers are receiving 95.7% of their asking price. When writing an offer, make sure your agent takes this into account. There might be some negotiating room between what the seller is hoping to get for the home.

Prince William County, VA Real Estate Market Statistics for February 2012

Prince William County, VA Real Estate Market Statistics for February 2012