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Housing shows positive signs in Prince William

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All indicators seem to point to a rebounding housing market in Prince William County.

Condominium, town house and single family home sales were all up in October compared to October 2008, according to statistics gathered by the Northern Virginia Association of Realtors.

In October, the average condominium in Prince William showed a 6 percent increase and sold for an average of $166,739, compared to the average sale price of $157,806 in October 2008.

Town house prices showed a 13 percent increase, with the average unit selling at $175,578 in October, compared to an average sales price of $155,233 in October 2008.

Showing a 6 percent increase, sales prices for single family homes were in line with condominium sales in 2009, according to the association Web site, at nvar.com.

The average single family home sold for $267,208 in October compared to an average of $283,853 last year, the Web site reported.

Additionally, residential units have been on the market for shorter periods.

The average condominium spent 124 days on the market in 2008 compared to 39 days in 2009.

Town houses languished on the market for 111 days last year, but only sat on the market for 38 days this year.

Single family homes stayed on the market this year for an average of 53 days. Last year, the average stay was 119 days.

Manassas Bureau Chief Keith Walker can be reached at 703-369-6751.

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