In comparing September 2012 to September 2013, we found some very interesting statistics in the Williamsburg real estate market.
Pending sales are down, yet closed sales are up.
There was a 15.32% decrease in pending sales, with 111 in 2012 and 94 in 2013. On closed sales, we saw a 13.64% increase with 88 closed in 2012 and 100 closed in 2013.
As far as new listings, there was a slight increase (4%) in new listings from 150 to 156.
Some of the bigger shifts we have seen have been in days on market and months supply of inventory. The average number of days on market dropped 27.45% from last September (76.50) to this September (55.50). And the months supply of inventory went from 10.55 to 6.63, a 37.09% drop.
As of September 2013, the average list price hovers around $308,450 and the average sales price at $300,121.
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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