According to data released Thursday by Virginia Realtors, home sales were up by more than 30% in November — marking the greatest increase in Virginia home sales activity in more than six years.
During the month of November, there were 11,590 home sales in Virginia, an increase of 2,681 from the same time last year. Year-to-date figures show a 6.7% increase in home sales.
The number of home sales increased during November, and so did median home sales prices. The median home sales price in Virginia for the month of November was $328,000, a 13.8% increase compared to last year. While demand remains high, low supply is still expected to continue going into 2021.
“At the end of November, we saw a decline in active listings of nearly 40% compared to what was on the market just one year ago,” Virginia Realtors Chief Economist Lisa Sturtevant said in a statement. “It’s possible that the market could see a slowdown in activity as Virginia’s homebuyers face increasingly limited options.”
About Mr Williamsburg
Psssst! I wanted to let you in on a little secret. While I am a real estate agent…I am a different kind of real estate agent. I am creating a revolution in realty by combining everything you love about this area all into one place. Known around town as Mr. Williamsburg, I combine my extensive knowledge of the Williamsburg, Richmond, and Hampton Roads areas with my expertise in helping buyers and sellers navigate the ever-changing local real estate market to create a top-notch experience that checks all of your boxes.
Are you a homeowner searching for someone innovative and committed to selling your home? Allow Mr. Williamsburg to tell your story. With my unique marketing approach, your home will be seen from your eyes, not described in a few sentences by someone who doesn’t know it well.
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Interested in learning more about neighborhoods in the Williamsburg area? Check out my resource on specific communities in the surrounding areas of Williamsburg and Hampton Roads here.
Looking somewhere other than Williamsburg? In addition to my affinity for Williamsburg, I have helped hundreds of folks find their dream home and community in areas outside of the ‘Burg, such as Yorktown, New Kent, Virginia Beach, Chesapeake, Suffolk, Isle of Wight, Poquoson, and Richmond. I’m committed to helping you find your perfect fit and the place you’re happy to call home. Fill out this form and I’ll get back to you so we can connect.
Want to learn more about what working with me is like? While I can tell you all day why I love what I do so much, hearing directly from previous clients is the best way to see this. To read real client reviews and learn more about what it’s like working with me on your team, visit my reviews page here.
Your real estate journey is just that…yours. I get that it’ll be unique. It needs a marketing plan and a committed real estate professional to guide you every step of the way. To talk further, you can reach me via phone or text at 757-254-8136 or through email at John@MrWilliamsburg.com.
I look forward to serving your real estate needs and welcoming you to this place that I’m lucky enough to call home!
John Womeldorf, Mr. Williamsburg