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Prince William county's May numbers don't differ much from what we've already seen, other than in terms of volume. Here too, inventory is very high. New listings coming on the market were up again in May. The good news was the slight increase in new contracts in May. It's too soon to tell if this is a trend.
What you do see here, and have for some time, is an inventory that is, proportionally, less overwhelming. At current sales levels the inventory is just under a year's worth. And, as you move closer to DC that is the trend. Inventory levels are less extreme further in. If families are going to move this far out and commute in and pay high gas prices to do it, as well as sit in hours of traffic daily, they want a great deal on the house.
What the overall pictures shows us is that the average buyer does not yet see the homes in the outlying counties as a great bargain. Surely there are more price declines to come!
|
MONTH
|
ACTIVE
|
NEW LISTINGS
|
NEW CONTRACTS
|
SOLD
|
|
02/06
|
3354
|
1443
|
637
|
513
|
|
03/06
|
4015
|
2078
|
780
|
699
|
|
04/06
|
4686
|
2000
|
681
|
608
|
|
05/06
|
5227
|
2042
|
709
|
661
|
|
06/06
|
5481
|
1884
|
647
|
732
|
|
07/06
|
5559
|
1616
|
537
|
567
|
|
08/06
|
5348
|
1410
|
529
|
530
|
|
09/06
|
5061
|
1267
|
446
|
470
|
|
10/06
|
4770
|
1222
|
479
|
434
|
|
11/06
|
4248
|
959
|
386
|
411
|
|
12/06
|
3695
|
710
|
463
|
457
|
|
01/07
|
3739
|
1336
|
474
|
391
|
|
02/07
|
3928
|
1172
|
488
|
360
|
|
03/07
|
4527
|
1764
|
508
|
418
|
|
04/07
|
5073
|
1668
|
471
|
427
|
|
05/07
|
5431
|
1698
|
509
|
432
|
|
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