June stats have been recently released, and the local real estate market in Greater Williamsburg (23188,23185, and 23168) continues to heat up! Closed sales and volume is up almost 30% over the same time last year – WOW! That has also resulted in the median sales
price increasing, almost 5% from $280,500 to over $294,000. Days on market continues to drop, over 10% to 73 days. Months supply of inventory continues to hover at slightly over 8 months. The median asked-to-sold ratio is almost 98%, also up from June of last year.
What does all this mean? If you’re a seller, things are definitely looking up – and, you may be pleasantly surprised by what you can get for you home now, compared to the last 3 years….now that prices are up and inventory is down. If you’re a buyer, it definitely means that now is the time to take the plunge (especially when you consider that interest rates are slowly edging up).
If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
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