Home Sale Statistics & Trends /On July 9, 2013

The Williamsburg Real Estate Market Continues Strong in June!

Back

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 Williamsburg real estate market 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.

Are you interested in hot real estate topics, tips and trends?
Click below to subscribe to our blog!

Lynnette Tully

Previous Post View All Next Post

Browse by topics

About the company

Liz Moore & Associates is a boutique real estate agency renowned for having the region's top agents, with extensive market knowledge and local expertise that is only achieved through relentless training coupled with Liz's extremely high standards for professionalism. When you're buying or selling a home, experience matters.