- Homes currently for sale: 73
- Closed sales for homes in September 2013: 27
- Average sale price: $380,516
- Average list price: $388,567
- Sales price to list price ratio: 97.9%
- Average days on the market: 36
- Number of sales currently pending: 36
- Woodbridge 22192 Absorption rate for homes: 2.7 months of inventory. A normal, or balanced absorption rate is 5-7 months of inventory. Less than 5 months of inventory is indicative of a seller’s market, while more than 7 months of inventory is indicative of a buyer’s market.
- Woodbridge is located in Prince William County, VA.
Currently Listed Woodbridge 22192 Single Family Homes for Sale
This Woodbridge home market report analyzes sales of detached, single family homes (not condo or townhouse sales) in Woodbridge, VA 22192. This area of Woodbridge is in a seller’s market, as evidenced by low inventory, which is 2.7 months as of today, November 8th. The average days on the market for home sales in Woodbridge, 22192 was 36 days in September, which was 19% below the average over the past five years in September, which was 45 days. A lower average number of days on the market often reflects higher demand, but it can also be indicative of home sellers pricing their homes more competitively.
The contract ratio (the number of pending home sales compared to the number of active listings not yet under contract) is also an important statistic to look at when analyzing any home market. The contract ratio for home sales in Woodbridge, 22192 was 0.51 in September, which represented virtually no change from August of this year and no change from September of 2012. However, it was slightly below the average contract ratio over the last five years in September, which was 0.58. In general, a lower contract ratio shows market movement toward buyers, while a higher contract ratio points to a market shift toward sellers.
Home sellers in Woodbridge, 22912 are in a position to benefit from the low level of inventory. If you’re thinking of selling your Woodbridge home and you’d like a free comparative market analysis, call me on my cell phone at 703-462-0700. This will give you a better idea of what your home is worth.
If you’re in the market to buy a home in Woodbridge, contact me so I can go to work for you and negotiate the best deal possible on your behalf. I’m an experienced buyer agent who great up in Northern Virginia and knows the Woodbridge home market very well.