- Homes currently for sale: 171
- Closed sales for homes in September 2013: 65
- Average sale price: $331,837
- Average list price: $339,649
- Sales price to list price ratio: 97.7%
- Average days on the market: 29
- Number of sales currently pending: 112
- Woodbridge 22193 Absorption rate for homes: 2.63 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 Single Family Homes for Sale- 22193
This Woodbridge home market report takes a look at sales of single family, detached homes (not sales of townhomes or condos) in Woodbridge, VA 22193. This area of Woodbridge is currently in a seller’s market, as evidenced by the low inventory, which is 2.63 months as of today, November 8th. The average number of days on the market for home sales in Woodbridge, 22193 was 29, which was 30% lower than the average for the last five years in September, which was 41 days. A lower average is often indicative of higher buyer demand, but it can also reflect more competitive pricing on the part of home sellers.
When analyzing any home market, it’s also important to look at the contract ratio, which is the number of pending home sales compared to the number of active listings not yet under contract. The contract ratio for home sales in Woodbridge, 22193 was 0.65, which represented no change from August of this year, but a significant decrease from September of 2012, when the contract ratio was 1.26. Generally speaking, a lower contract ratio points to market movement in favor of buyers, while a higher contract ratio points to market movement in favor of sellers.
Home sellers in Woodbridge, 22193 are in a position to benefit from the low inventory. If you’d like to know how much your Woodbridge home is currently worth, call me on my cell phone at 703-462-0700 to request a free comparative market anlaysis.
If you’re looking to buy a home in Woodbridge, contact me so I can go to work on your behalf. I’m an experienced buyer agent who can help you negotiate the best deal possible in today’s market. I grew up in Northern Virginia and know the Woodbridge home market very well.