May 15, 3023 – Here is a brief analysis of the Williamsburg Virginia real estate market last week lweeks last week:
- Inventory: There were 28 properties listed last week, which is an increase of 10% from the previous week. However, inventory is still low compared to historical levels.
- Prices: The median list price last week was $470,155, which is an increase of 1% from the previous week. Prices are still rising in Williamsburg, but the rate of increase is slowing.
- Sales: There were 43 homes that went under contract last week, which is an increase of 20% from the previous week. The strong sales activity is a sign that demand for homes in Williamsburg remains high.
- Market conditions: The Williamsburg real estate market is still a seller’s market. There are more buyers than there are homes available, which is driving up prices. Buyers who are looking for a home in Williamsburg should be prepared to act quickly and make a competitive offer.
Overall, the Williamsburg real estate market remains extremely strong. Buyers who are looking for a home in Williamsburg should be prepared to act quickly and make a competitive offer.