Williamsburg VA Real Estate Sales Recap March 2018

While new listings were up 8.3% in the Williamsburg, Virginia area for March compared to the same time last year, closed sales were off just under 3%, according to the latest home sales report published by the Williamsburg VA Area Association of REALTORS®.
On the positive side, inventory levels are better, which is great news in a market that’s been tough for buyers. At the end of March, there were 641 housing units on the market, which is up 16% over last year’s figures.
Closed sales were up 23% in the attached (condo/townhouse) market in March compared to last year, with new listings up 49%. The median list price was $245,000, and media days on market was only 25.
Check out the complete stats report here.
Quick Facts about March’s Overall Home Sales Market in the Williamsburg area (March 2018 compared to the same time last year):
  • +8.3% – Increase in new listings for both single-family attached and detached
  • -21.7% – Decrease in pending sales compared to this time last year
  • +0.2% – Increase in median list price
  • 37 – Median days on market
  • 4.4 – Months’ supply of inventory

 

Psst, I’m a Hampton Roads real estate agent.

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/ Richmond VA area and his expertise helping buyers and sellers in the local real estate market.

If you are a homeowner searching for someone innovative to sell your home I would love to share my thoughts on marketing. You can read some of the stories I have written about the homes I have sold here.

Additionally, I have helped hundreds of folks find their dream home/ community and would love to help you find yours in Williamsburg, Yorktown, New Kent, VA Beach, Chesapeake, Suffolk, Isle of Wight Poquoson as well as Richmond.

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

I look forward to serving your real estate needs!

Best,