The supply of inventory in Greater Williamsburg has creeped up from 5.5 months to 6.6 months, which is not an unusual trend as the summer winds down. This benchmark reflects the number of months it would take to exhaust active listings at the current sales rate. Generally speaking, a 6 month supply of inventory is considered a balanced market.
Statistics are from the Williamsburg Multiple Listing Service, and are based on January – May, 2016. Run date, June 21, 2016.
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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