Williamsburg VA Real Estate Market Update July 2017

Quick Facts about the July 2017 Overall Home Sales Market in the Williamsburg area:

+7.2% – New listings in July over same period last year (both attached/detached)

4.9 – Number of month’s supply, fairly consistent this year – but only 3.6 months inventory for SF attached homes. ( six months is considered a balanced market. Under six is a seller’s market.

$133 –Median Price per Square Foot, down from the $138 reported last month, virtually the same as this time last year

$304,000 – Median Sales Price, down from $325k reported last month, but up 1% from the $299,500 reported last year

James City County – Most active area with 120 closed sales in July

584 single family detached homes on the market at month-end; 132 single family attached homes.

Download the July 2017 Williamsburg VA Home Sales Report

Psst. I’m a real estate agent.

If you’re a Williamsburg or Hampton Roads VA home owner who is wondering if it might finally be time to sell, email me at [email protected] or text/ call 757 254 8136 , and I can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of the Williamsburg/ Hampton Roads area and  his expertise in the local real estate market.

You can reach me by phone at 757-254-8136 or email  [email protected]

I look forward to serving your real estate needs!

Best,