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WILLIAMSBURG HOUSING TRENDS
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When buying or selling property it is important to have a complete understanding of the current real estate market. Below you will find a review of Williamsburg real estate which includes housing data(single family, townhomes, and condo), supply of homes available in Williamsburg, median home prices, and historical trends in housing unique to Williamsburg, Virginia.
"Rule of Thumb"
A six month supply signifies a balanced market
Less than six months supply reflects a seller's market
More than six months supply reflects a buyer's market | | -- Previous 4 Quarters --(7/31/10) | | Market Activity in the Last... | 12 months | 9 months | 6 months | 3 months | | Closed Transactions: | 1,114 | 687 | 586 | 357 | | Average Homes Sold per Month: | 93 | 76 | 98 | 119 | | Current Active Listings: | 1,319 | 1,319 | 1,319 | 1,319 | | Months of Supply on the Market: | 14.2 | 17.4 | 13.5 | 11.1 | | | | | | | | | -- Historical Perspective -- | | | 2007 | 2008 | 2009 | 2010-ytd | | Closed Transactions: | 1,627 | 1,142 | 1,048 | 621 | | Average Homes Sold per Month: | 136 | 95 | 87 | 89 | | Current Active Listings: | 1,122 | 1,106 | 1,035 | 1,319 | | Months of Supply on the Market: | 8.3 | 11.6 | 11.9 | 14.8 | | | | | | | | Median Prices in Williamsburg | $295,000 | $289,700 | $289,900 | $284,500 | | Median % Change | -7.7% | -1.8% | +0.1%% | -1.9% |
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