A Year in Review – 2016 Real Estate Market Trends for Haymarket, Gainesville and Prince William County
It may have been a tumultuous year in politics, but the real estate market has done well. Whether you are optimistic about the future or worried about the change in national leadership, you can feel pretty confident that the value of your home in this area is stable and likely to rise based on the current trends.
Last year, both Haymarket and Gainesville saw a substantial increase in Sold Homes over that of 2015, in fact even more than Prince William County and Northern Virginia as a whole. New Listings, or inventory, was down slightly making for a healthy market for both buyers and sellers. The Median Days on the Market is down everywhere. This is good news as houses are starting to sell faster and turn over the market.
Best of all, there was an increase in the Median Sold Price across the region, so home values are up. Looking ahead to the future, the oldest of the Millennials are starting to reach their mid-30s and are quickly becoming the highest percentage of first-time home buyers. While Baby Boomers, the oldest now in their late-60s, are starting to downsize.
Our area offers a diverse blend of housing to meet the demands of all generations – townhomes, active adult housing and family-sized estates. With retail development, good schools and infrastructure improvement, this area continues to be a desirable place to live.
See all homes for Sale in Haymarket and Gainesville VA
Sold Homes, Median Sold Price, New Listings and Median Days on the Market 2016
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