According to the Virginian-Pilot, there were 95 percent more homes under contract – 205 in all — in September in James City County than a year ago.
That increase is part of the boom that real estate in Hampton Roads continues to experience, despite lower-than-usual inventory levels.
In September, the median price for a home in Hampton Roads rose by more than 10 percent over the previous year. The Pilot said that’s the largest year-over-year growth since the Real Estate Information Network (REIN) began tracking the statistic in 2006.
In Williamsburg, the median sale price increased 40 percent from a year ago, to $349,900. Eleven homes were sold in the city in September, 10 percent more than last year.
You can read the entire report here.