Market Update: October 2016 Woodbridge, VAClaudia S. Nelson Real Estate Team

It’s the holidays and the market has cooled down along with the weather for the Woodbridge, VA area. Listings are down from September with only 303 new listings compared to 357 new listings in September 2016. New listings are also down from October of last year where there were 364 new listing in Woodbridge, VA. That being said, those buyers who are looking for homes in Woodbridge have less to choose from. Demand is high and supply is low so now would be a great time to sell your Woodbridge, VA home!

If that hasn’t convinced you that it is a good time to sell, then this will; Closed sales are up from September with 266 new closed sales in Woodbridge, VA compared to 210 new closed sales from October of last year where there were 364.

Additionally the Median Sales price of homes listed in Woodbridge,VA is up 4.2% with a value of $297,000 versus last year’s $285,000. This means that houses are selling close to list price in the Woodbridge, VA area in the current market. If you are interested in listing your home, you can begin with a search of your home value here.

If you are thinking of selling your Woodbridge, VA home, or thinking of purchasing a home in the Woodbridge, VA area. Please do not hesitate to contact me Claudia S. Nelson with any inquiries.

Still in the research phase? Check out my blog on all the happenings in the Woodbridge, Manassas, Dumfries, and Lorton areas.