What are the latest real estate market trends in Williamsburg-James City County, Virginia single family detached homes?
Comparing sales data year over year, February 2014 sales activity was down over February 2013. During the month of February 2014, there were 649 active listings in the Williamsburg-James City County area (zip codes 23185, 23188,23168) with 47 homes going under contract and 51 homes closing. As a percentage, during the month of February 7.2% of the active listings went under contract and 7.9% of the listings closed. Year over year, February 2013 saw 11.2% of active listings go under contract and 8.4% of the total active listings going to closing.
NOW is the time to be buying as the market has been a little sluggish and sellers might be more anxious to sell. Interest rates are also at historical lows!
More interesting facts about the single family detached home Williamsburg area real estate market:
Using the past 12 months data, the current median sales price is $327,695 an increase of 1.9%. The average sales price is $359,421, an increase of 2.1%.
There is currently a 7.2 months supply of inventory on the market in the 23185, 23188 and 23168 area, down from the 9.9 month supply in February of 2013.
Are you looking for a home in Williamburg, VA? Deelyn Neilson is the area real estate specialist! Whether you are interested in buying or selling a Williamsburg home, Deelyn is the agent for you. You can reach her at 757.503.1999 or Deelyn@lizmoore.com for your complimentary real estate consultation. No charge or obligation for a meeting with one of Williamsburg, Virginia’s Top Real Estate Agents! Deelyn knows the market here inside and out!
Would you like to receive free e-mail updates about new listings in Williamsburg, VA? Please email Deelyn with your ideal home needs/wants and she will set you up with a personalized search sent right to your inbox.
*Data was collected March 17 and 19, 2014 and includes information on single family, detached homes in the zip code areas 23168, 23185 and 23188.