Inside Prince William Single Family Detached Prices

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Prince William Single Family Detached Home Prices

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December 7, 2007

November shows a slowdown in price decline. Prince William is still struggling with about a 17 to 18 month supply of inventory on hand compared to 11 months for Loudoun and a bit over 9 months for Fairfax. November year over year shows a price decline of nearly 14% and a 21% drop from January 2006. I have said all along that a 25% drop would not surprise me. So, breathtaking but not surprising. Prince William was heavily over built and over invested.

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